What is Corpus Fund for Apartment Communities

In the context of Co-operative Housing Societies (CHS), Apartment Owners Associations (AOA), Residents Welfare Associations (RWA): The Corpus Fund is typically handed over by the Builder to the Society / Association….

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Sinking Fund – Definition

In the context of Co-operative Housing Societies (CHS), A Sinking Fund consists of contribution from all Members, at the rate fixed at the General Body Meeting from time to time, subject…

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Repairs & Maintenance Fund – Definition

In the context of Co-operative Housing Societies (CHS), A Repairs & Maintenance Fund consists of contribution from all Members, at the rate fixed at the General Body Meeting from time…

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What is Reserve Fund for Apartment Communities

In the context of Co-operative Housing Societies (CHS) or Apartment Owners Associations (AOA) A Reserve Fund comprises of – a) the amounts carried to this fund, from year to year,…

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