dear learned advocates,
our society is charging in Rs.770 every quarter in the maintenance bill towards major repair fund MRF = (Area *Construction cost(Rs.360)*0.75%4). and insurance premium of Rs.102. And SF=(Area*Construction cost(Rs.360)*0.20%)/4.
I think a major repair fund can be created only when specific work is required to be carried out urgently.
in the light of above, you are kindly requested to advise your legal views on the collection of major repair funds every quarter by our society.
Your immediate response is required in this case.
thank you in advance
best regards
