Corpus fund

pankaj mahajan (Querist) 27 March 2012 This query is : Resolved
what is mean by corpus fund ?

is it fixed (builder quote amt)and collect when the buyr purches the new flat?

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Raj Kumar Makkad (Expert) 27 March 2012
CORPUS FUND is the capital of the organization; the funds generated and kept for the existence and sustenance of the organization. Normally a corpus fund denotes a permanent fund kept for the basic expenditures needed for the administration and survival of the organization.

pankaj mahajan (Querist) 28 March 2012
who is collect corpus fund and when that is handover to socity ??..

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