Major repair fund in mumbai

Querist : Anonymous (Querist) 23 January 2018 This query is : Open
A co op housing society in Mumbai has one crore Rupees in the Repairs and Maintenance fund and Rs 20 lakhs in the sinking fund. Is it proper on the part of the society to keep this money intact and collect Rs 1 crore for major repairs under major repairs fund(MRF)for executing major repairs for the building. The total budget for MRF is only Rs 95 lakhs. Should the Repairs and Maintenance fund and the sinking fund be exploited before the Major repair fund is called for. Kindly explain in what order the funds available in the various funds should be exploited for major repairs.

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