Interest

avocate

can co.op society charge interest to member on late payment without resolution

 
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No, there is no such provision.

 
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avocate

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 

 
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FIN

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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