thanks for the exchanges so far. Let me restate the problem to be solved.
This is about an MC recommending that the society levy 5k INR as security deposit payable by the owner on behalf of the tenant as the owner/member is responsible for their tenant to abide by the rules and terms of the society.
One of the owner/member pushed back saying society cannot charge SD or any other fees in addition to Non occupancy and quoted section 43
So the question to this esteemed forum is " can the society take SD from the owner/member to ensure their tenant doesnt damage the property of the society"
thanks