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Redevelopment Corpus fund

Querist : Anonymous (Querist) 23 November 2018 This query is : Resolved 
As per agreement buider give corpus fund to our housing socity,can society deposit this amount to individual members?
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Isaac Gabriel (Expert) 24 November 2018
If it is a cooperative society, invest the corpus fund as prescribed in the bylaws.It cannot be meant for didtributiob to members or local body.
Dr J C Vashista (Expert) 25 November 2018
Why an anonymous author may be obliged against rule of this platform ?

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