can co.op society charge interest to member on late payment without resolution
No, there is no such provision.
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
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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