I stay at Mumbai Maharashtra and our housing society has made a rule that for internal repair of flat in coop housing society that "for carrying internal repair works, member shall be required to deposit Interest free refundable deposit of Rs 25,000/- for major repair & Rs 10,000/- for moderate work with the society as security against any damages and after repair work is completed the deposit will be refunded within 15 days"
Is it in line with Maharashtra cooperative societys act (MCA) to take such deposit amount ?
