Co- operative hsg society - major repair work
Tauras
(Querist) 15 May 2014
This query is : Resolved
Society started major repair like Re-plastering of external wall, Painting etc and they started raising additional fund which is being included in the regular maintenance bill without communicating to the member. is it right practise? Hence some member Paid full maintenance bill i.e. Maintenance + additional repair fund which is being included in the bill. But some of the member denied and paid maintenance amount only i.e. excluding repair fund. Now, after 6 months society has started charging Interest @ 21% P.a. How can society charge interest on additional repair fund since its not communicated to the member. Society work is still in progress.What is the procedure which society should require to follow before carrying out any major repair work in the bldg.Please advice on the same urgently.
ajay sethi
(Expert) 15 May 2014
you are absolutely correct . replastering work has to be approved by AGM . contribution to be recovered from each member of society has to be discussed in AGM and approved . then only society can recover the said amount from members of the society
T. Kalaiselvan, Advocate
(Expert) 18 May 2014
The society's association on a GB meeting or special meeting, should discuss the issues pertaining to the maintenance affairs and plans for augmenting the funds along with the execution formalities through a resolution agreed and accepted by two third majority which is binding on all the members as per bye-laws attached to memorandum of association. The society cannot demand money from the members on its own quoting whatever reason, this can be challenged.
Tauras
(Querist) 19 May 2014
Thanks.....
