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….
Read more »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…
Read more »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…
Read more »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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