Mr.badhan Kumar Ray, Apartment Resident
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Transfer of Funds to Society by Builder
Q: Builder charged all owners lump sum for Repair & Maintenance Fund and also Sinking Fund. Now prior handing over Builder showing excess expenditure (almost double the collection) on maintenance and asking additional funds. alternately he is going to transfer from sinking to maintenance fund. During last two years when he was carrying out maintenance, he never intimated any member about excess expenditure nor did he give accounts of the expenditure.

Latest Answer: I request a Lawyer to answer the query . Thanks.

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