Enter your question here...what action can be taken against housing socy. member who defolts on monthly maintainance payment
Answered on: 6/16/13, 5:20 am by Fca Prashant Chavan
Dear Sir / Madam,
You should charge interest @ 21% per annum on the concerned member's outstanding; and complain to the Registrar of Co-operative Housing Societies seeking cancellation of membership of the Society, if the member is a persistent defaulter.
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