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
NSG SAS Ltd.
Through Society web site
Subject : Notice No. 155 Non- payment of Maintenance Charges
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.
(Dr MK Jha)
Secretary NSG SAS Ltd.