building without managing sinking fund, with sinking fund

Sinking Fund Calculation and Utilization

Sinking Fund is not a new word in Co-operative Housing Society. Most of the members/managing committee members to make a suggestion to use such sinking fund for society related activities or debate its utilization/calculation without understanding its legal implication. So lets’ understand how the word “Sinking Fund” is defined; As per Wikipedia “A sinking fund is a Read more about Sinking Fund Calculation and Utilization[…]