SINKING FUND DEMAND NOTICE
Notice date: __________
Society/member/unit: __________ / __________ / __________. Member no. __________. Property record: __________.
Demand: __________. Purpose: __________. Calculation: __________. Approval: __________ / __________. Due: __________. Accounting: __________. Payment: __________.
RECORD PARTICULARS
What is the society registration number? __________
What is the society registered office address? __________
Which jurisdiction applies? __________
What is the member correspondence address? __________
RING-FENCED RESERVE
The demand is intended for the stated capital reserve purpose. The society should account for collections so members and auditors can distinguish reserve money from ordinary operating receipts and can see expenditure against the approved long-term work.
PROJECT LINKAGE
If the reserve demand is linked to a specific engineering project, later invoices, work orders and payments should reference the same approved purpose. A change of project scope should be placed before the body authorised by the bye-laws rather than assumed from this demand notice.
LEGAL BASIS
Punjab: The Punjab Co-operative Societies Act, 1961 governs this sinking fund demand notice. Section 55 provides the Registrar reference route for qualifying disputes touching the constitution, management or business of the society. The first society action is taken by the managing committee or general body under the registered bye-laws; the Registrar of Cooperative Societies, Punjab receives a statutory reference when section 55 applies. This notice is not itself an appealable order; a qualifying challenge proceeds through the section 55 Registrar dispute route.
Chandigarh: The Punjab Co-operative Societies Act, 1961 and Punjab Co-operative Societies Rules, 1963 apply to cooperative societies in UT Chandigarh. Section 55 provides the equivalent Registrar dispute route, administered locally by the Registrar of Cooperative Societies, UT Chandigarh. The current filing fee and period for the precise section 55 filing in this document were not confirmed from the sources used. This notice is not itself an appealable order; a qualifying challenge proceeds through the section 55 Registrar dispute route.
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
The purpose of collecting personal data in this sinking fund demand notice is to identify the member, unit and society record needed to administer the stated maintenance, default, recovery or dispute action.
The record will be held by __________ and may be shared with __________, its committee, accountant, auditor, Registrar and recovery or legal professionals directly involved in this matter.
If the matter does not proceed, the personal data will be retained for 90 days and then erased. If the matter proceeds, the record will be retained for the matter plus 12 months, except where a statute requires a longer named retention period.
A person named in this document may request correction or erasure where the purpose has ended, withdraw consent for future consent-based processing, or raise a grievance by writing to __________. The record-holder should acknowledge and reply within 30 days.
Data minimisation: this document does not collect a full Aadhaar number, an Aadhaar-card copy, a password or bank credentials.
Personal-data instruction: __________.
SIGNATURE
Authorised Society Signatory: __________