Interest on Maintaineance and Repair fund

Tipsy (Querist) 01 August 2009 This query is : Resolved

Housing Soceity can charge interest only on Maintaineance fund and Not on repair fund on defaulting members ?

Housing Society can charge interest on Building repair fund which has not been recd from members, as defaulting member say you can charge interest only on Maintaineance fund and Not on repair fund

What society should do , they should charge interest on delayed fund on maintaineance as well as charge delayed fund on building repair and renovation fund ?

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Gulshan Tanwar (Expert) 14 January 2011
No one answered the query, pity!!! I am not having time these days will be back to LCI after 18th and then only can answer the same.

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