Co-operative housing society
Misuse of funds by Society

I am staying in Registered Co-op Hsg society. The Society collected a huge amount of money for Repairs and maintenance which included plastering, painting and a portion of the amount was used for doing some work in the Garden. They sent an AGM notice stating that if anyone wants to go through the accounts, then they should give it to the Managing committee in writing.

When the same was done, they sent back a letter stating that they cannot show the accounts, as the member will have to pay an amount as per the byelaw no. 172.

It is strongly suspected that there is something fishy here, and that the accounts are not properly maintained. Under these circumstances, please advise what best action can be taken against the managing committee and whom to approach for this

Company: Co-operative housing society
Country: India

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