We are in redevelopment process. Our question is when builder gives the Corpus fund for Maintainance then in new building new members will also benefited from same ? or Society have rights to use for existing members only ?
ANJAN (Sr. Accountant) 03 August 2023
We are in redevelopment process. Our question is when builder gives the Corpus fund for Maintainance then in new building new members will also benefited from same ? or Society have rights to use for existing members only ?
T. Kalaiselvan, Advocate (Advocate) 03 August 2023
Corpus funds belong to the society which should be used for the major tasks including renovation etc by society whenever it is required to.
The new members are also required to pay corpus funds as applicable.
ANJAN (Sr. Accountant) 03 August 2023
Thx for reply. We Society wants to use this Corpus for existing members maintainance for next 4 -5 years. Not for new flat purchaser is it possible ? because it gives by developers to existing society against its redevelopment. why society will give this benefit to new purchaser ? is it ok ?
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