I am a member in a coop group housing society in Delhi. Recently MC has intention to extend the existing balconies in all flats and is approaching DDA for this
MC has raised a demand from members for this. Some members are not willing to pay the amount as they are not interested in extension of balconies
Mc is thinking of calling GBM for this and want to impose penal interest for nonpayment for this. As this is not an essential expense for the society can GBM impose such interest for non payment
I C Naik
General body meeting is a final authority and its decision which is not in breach of any law or bye-laws is binding on members.