can co.op society charge interest to member on late payment without resolution
Anita Singh (avocate) 22 May 2018
can co.op society charge interest to member on late payment without resolution
Adv Deepak Joshi +917017821512 (Advocate) 22 May 2018
No, there is no such provision.
Anita Singh (avocate) 22 May 2018
sir i didnt get you
i was meant to ask can co.op society charge interest to member on late payment without general body resolution .
pls let me know
thx
Kumar Doab (FIN) 22 May 2018
GO thru Bye laws of society framed in accordance with Model Bye laws..( Clause70)
Max. simple interest 21%pa
The society can decide in AGM.
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