FUNDS, THEIR UTILISATION AND INVESTMENT UNDER BYE-LAWS FOR SOCIETY FORMATION
- Raising of Funds :-
The funds of the Society may be raised in one or more of the following ways: Modes of raising the funds of the Society
- by entrance fees,
- by issue of shares,
- by loans and subsidies,
- by deposits,
- by voluntary donations, (but not from Transferor and Transferee)
- by contributions towards cost of building or buildings,
- by fee on transfer of shares, along with the occupancy right, assignment h. by premium on transfer of occupancy right over the flats,
- by corpus fund from Promoter Builder
- by any other mode permitted under these bye-laws,
- by way of statutory requirements.
- by way of non-occupancy charges, leasing / hiring of open spaces
- by way of corpus fund, in case of redevelopment
