Blog

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

How To Calculate Maintenance Charges For Your Housing Society? You bought an apartment and you moved in with your family and household items. But have you given a thought about maintenance? Though you own the apartment, you are a resident of the apartment complex, which means you are required to pay monthly charges for theRead 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

MODEL BYE – LAWS OF COOPERATIVE HOUSING SOCIETY (a) The name of the society shall be……………………………….. Name of the Society (b) The society shall follow the procedure laid down under Section 15 of the Act and Rule 14 of the Rules for the change of its name. Procedure for changing the name. (c) The societyRead more

Read more