[PDF] festival expenses in housing society

Can a co-operative Housing Society create a festival fund?

1. Under MCS Act and Bye laws can a co-operative housing society creat a Festival fund 2. In continuation, can a co-operative society collect Festival charges/fund through the statutory bills send to members. According to me thry May collect by a separate bill issued to member as decided by the general body.

Can Housing Society charge or demand money for cultural / festival expenses?

The answer to the above confusion is that Housing Society Cannot charge or demand money for cultural / festival expenses residents. The Housing Society cannot implement such resolution in AGM/SGM and put contributing any money on all members, who are not interested to participate, even though such resolution is passed by the AGM.

Can a Housing Society collect a Cultural Fund?

In order to meet the expenses most of Housing Societies are collecting either as Cultural Fund and or Festival fund as a part of regular monthly maintenance. There is neither an express prohibition nor permission to collect compulsory contributions for cultural fund which are voluntary in nature.

What are the expenses of a housing society?

In a housing society there are several expenses which are common for all, like maintenance of garden, play area, lighting of open area, parking area, passages, Fire safety, etc. It is almost impossible to divide these expenses between towers, if there are more than one.