Bye-law 14Ch.2 · Funds
Utilisation of Funds
Official Text
14. The Society may utilise its Funds in the manner indicated below:
(a) Reserve Fund: The Reserve Fund of the Society may be utilised for meeting the expenditure on repairs, maintenance and renewals of the Society's property.
(b) Repairs and Maintenance Fund: The Repairs and Maintenance Fund may be utilised for meeting the expenditure on maintenance of the Society's property and repairs and renewals thereof.
(c) Sinking Fund: The Sinking Fund may be utilised for meeting the expenditure on reconstruction of the Society's building.
(d) Education and Training Fund: The Education and Training Fund shall be utilised as provided under Section 24(A) of the Act.
Utilisation of all the Funds shall be with the specific prior approval of the Society's General Body.
Community Discussion
Loading comments…
Sign in to ask questions or share insights about this bye-law.
Sign in →Need documents related to this bye-law?
Generate Free Forms