{"id":3086,"date":"2012-12-17T13:45:45","date_gmt":"2012-12-17T08:15:45","guid":{"rendered":"http:\/\/apartmentadda.com\/blog\/?p=3086"},"modified":"2023-11-02T03:44:24","modified_gmt":"2023-11-02T03:44:24","slug":"sinking-fund-definition","status":"publish","type":"post","link":"https:\/\/adda.io\/blog\/2012\/12\/sinking-fund-definition\/","title":{"rendered":"Sinking Fund \u2013 Definition"},"content":{"rendered":"<p>In the context of Co-operative Housing Societies (CHS),\u00a0A <strong>Sinking Fund<\/strong> consists of contribution from all Members, at the rate fixed at the General Body Meeting from time to time, subject to the <strong>minimum of of 0.25 percent per annum of the construction cost of each fla<\/strong>t.<\/p>\n<p><strong>Utilization:<\/strong> On the Resolution passed at the meeting of the general body of the society, the Sinking Fund may be used by the society for reconstruction of its building\/buildings or for carrying out such structural additions or alteration to the building\/buildings, as in the opinion of the Society&#8217;s Architect, would be necessary to strengthen them or for carrying out such heavy repairs as may be certified by the Architect and on approval of General Body.<\/p>\n<p>This is per the <a href=\"https:\/\/adda.io\/maharashtra-cooperative-housing-society-bye-laws\">Model By-Laws<\/a> of Maharashtra.<br \/><br \/>Keep yourself updated with the bye-laws, you can <a href=\"http:\/\/caabhijit.com\/entries\/general\/recent-changes-in-maharashtra-co-op-society-act\" target=\"_blank\" rel=\"noopener\">click here<\/a>.\u00a0<\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the context of Co-operative Housing Societies (CHS),\u00a0A Sinking Fund consists of contribution from all Members, at the rate fixed at the General Body Meeting from time to time, subject&hellip;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[2024,2019],"tags":[368,369],"class_list":["post-3086","post","type-post","status-publish","format-standard","hentry","category-adda-community-accounting","category-adda-india-housing-society-apartment-management","tag-definition","tag-fund"],"_links":{"self":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/3086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/comments?post=3086"}],"version-history":[{"count":3,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/3086\/revisions"}],"predecessor-version":[{"id":11145,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/3086\/revisions\/11145"}],"wp:attachment":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/media?parent=3086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/categories?post=3086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/tags?post=3086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}