The funds of the society may be raised in one or more of the following ways;
a. | by entrance fees, |
b. | by issue of shares, |
c. | by loans and subsidies, |
d. | by deposits, |
e. | by voluntary donations, (but not from Transferor and Transferee) |
f. | by contributions towards cost of building or buildings, |
g. | by fee on transfer of shares, along with the occupancy right, assignment |
h. | by premium on transfer of occupancy right over the flats, |
i. | by corpus fund from Promoter Builder |
j. | by any other mode permitted under these bye-laws, |
k. | by way of statutory requirements, |
l. | by way of non-occupancy charges, leasing / hiring of open spaces, |
m. | by way of corpus fund, in case of redevelopment |
Note: Every society requires funds to achieve its objectives. Bye Laws No 7 makes provision for manner in which the funds are to be raised by the society. New provisions added in modes of raising the fund i.e 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.