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1) Sinking Fund may be used by the society for the reconstruction of its building or carrying out strucatural additions or alteration to strenthen the building as per the opinion of the society’s Architect. 2) Such heavy repair which is being certified by society’s Architect should be approved in General Body Meeting. 3) There isRead more

Sinking Fund Housing Society – Why Society Need It? It is risky to continue occupation of a building which has run its life. A provision has been made in the byelaws, enabling a co-operative housing society to collect contributions towards a sinking fund from members at a fixed rate per month. The rate fixed underRead more