Mrs . Shanta Rani (Housewife) 28 August 2023
Can funds collected for conveyance of a CHSL land, by the society, be used for another purpose?
If yes, please quote the Bye-law number ( Mumbai jurisdiction)
And if No, at what rate of interest do they have to return the unutilised collected amount to the members?
Sidhhi 28 August 2023
Mrs . Shanta Rani (Housewife) 06 September 2023
Thank you Sir for your reply.
In case, the MC decides to return the amount at what rate of interest are they expected to return the initial amount paid by the members as CHSL are not expected to make profit.
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