Member of CGHS must get 15 days to pay demand
For the guidance of all Rule102(4) of DCS Rules, 2007 is as below:
On approval of the aforesaid charges under sub- rule (1) and sub-rule (2), the committee shall provide a schedule of demand payable by each member and the residents after the approval of the general body and thereafter either monthly or quarterly by a specified date which should be reasonable but not less than fifteen days to make payment of demand. Monthly or quarterly demand as the case may be, shall also be displayed on the notice
board of the co-operative housing society.
On failure to make payment on demand by the specified date by a member or the resident, as the case may be, the committee shall charge a simple interest not exceeding fifteen-percent per annum which shall also be fixed by the general body. Demand shall also contain extracts of sub-section (2) of section 89 of the Act relating consequences of default and resultant action against a member or resident in case
of default in payment.
The co-operative society is not the much loser even if the members to no pay on time. The basic reason is that, the Society can get a resolution passed in the general meeting for charging late payment interest @ 15% from those members who do no pay on the due date mentioned in the Bill of the Society.
Suppose a member pays a bill, say 5 days after the due date of the payment of the bill, then also the Society is eligible to charges interest for the entire 1 month. The society can debit the account of the member at the beginning of the month itself. However, another thing is required to be kept in mind is that, if the Society has received a cheque of the last date of due date of the bill and the Society do not deposit the cheque in its account due to their fault or due to fault of any one else other than the payer member, the society is not to charge interest because the delay is not on the part of the paying member.
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Our society is not giving 15 days gap and is imposing interest on late payments. Please guide us
View CommentOur society do not give 15 days gap. What to do ?? It is not approved by general meeting also.
View CommentOur society distributes bills on 15th to 20 of the month and require to pay the money on or before 25th of the month.
It is not giving 15 days gap.
we want action against the managing committee immediately. please advice
View CommentOur co-operative society management do not give the bills 15 days in advance. Due to which many times the payment get delayed and the Society needs a letter every time to waive
View CommentOur society is not attending to us members in this work within 15 days, What can I do
View Commentif the building repair funds are due then also the same law applicable like maintenance
View CommentWhether management of Soceity in Delhi
View CommentCan Impose interest/Penalty on delay payment of monthly
Mantaince charges to the members.
Pl guide with rules.