Can a co-op Housing society levy mandatory charges for cultural activities?

There is no restriction on the Society to set up a cultural fund and collect the contribution for such a fund. There is no restriction that such a fund to be created only from profit earned by Society. The only prohibition for levy and collection of charges is that it should be approved by the General Body and said charges should not contradict the provisions of the Act, Rules and Bye-laws of the society

Category: Cooperative Housing Society   Posted on: November 27, 2023