A corpus fund is also known as a capital fund. It is money set aside to support the operations, existence, and maintenance of an organisation or other institution.Rules about corpus funds have been mentioned in the model bye-laws of each state. The corpus funds will legally belong to the owner of the flat. If the flat legally belongs to both you and your son. The corpus funds will belong to the both of you.
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What is a corpus fund?
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I stay in my son's flat and pay the monthly outgoings. Now our building is going for redevelopment and the builder agreed to give corpus fund. Will the corpus fund belong to my son or me?
Fatima Dias
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2 Year
2023-01-13T09:54:04+00:00 2023-01-19T15:30:54+00:00Comment
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