Arrears & interest थकबाकी व व्याज • बकाया व ब्याज
4 related bye-laws. Tap any one to read its summary.
Bye-law No. 69: Default and recovery
A member who does not pay within the period under Section 73CA is a defaulter. The Secretary reports defaults to the Committee, which initiates recovery under Section 101.
Bye-law No. 70: Interest on arrears
Simple interest up to 21% per year, or a lower rate fixed by the general body, is charged on dues from the due date till payment. (Note: the 2026 amended Rules reportedly reduce this ceiling — see 'Updates'.)
Bye-law No. 73: Society's charge on member's interest
The Society has a charge on a member's shares and interest for dues and may set off amounts payable (Section 46).
Bye-law No. 48: Expulsion of a member
A member may be expelled for persistent non-payment, deceiving the Society, immoral or illegal use of the flat, habitual serious breach of bye-laws, false information at registration, or if a non-active member does not attend any general meeting in the next 5 years.