NSG SAHKARI AWAS SAMITI LTD. PLOT NO. 2, POCKET NO. 6

BUILDERS AREA, GREATER NOIDA, DISTT: GAUTAM BUDH NAGAR (UP)

 

No. NSG/SAS/93                                  Dated:  20 Oct. 2016

                             Notice

 

To

 

All Members,

NSG SAS Ltd.

Through Society web site

 

Subject : Notice No.  155    Non- payment of Maintenance Charges

 

Sir,

          Ref: Notice No. 154.

 

          The Audit  party of UP Govt. have pointed out that members have not paid full amount of Maintenance Charge. This state is serious and contrary to Cooperative  rules. Attention of the Management has therefore been invited for taking legal action.

 

2.       The Audit party of UP Govt. have also pointed out that contrary to the Cooperative laws, principal amount has been recovered first and interest   thereon has not been recovered. This too is objectionable. Attention of the Management has therefore been invited.

 

3.       Certain members represented against the recovery of interest on full amount of Maintenance Charge and have suggested that interest on the balance amount only should be charged. The matter has been examined   and it has been decided that interest will be charged on the balance amount not paid. Amount already recovered in excess will therefore  be  adjusted  at the time of recovery of Maintenance Charge  2017. Similarly, there will be no interest on the Maintenance Charge 2013. Interest where recovered will be adjusted at the time of recovery of Maintenance Charge 2017.

 

                                                           Yours faithfully,

 

                                                          Sd/-

                                                          (Dr MK Jha)

                                                          Secretary NSG SAS Ltd.