Division of Society's Expenditure

Sharing of the Society's Charges by the Members at its meeting. 67. a. The Committee shall apportion the Share of each Member towards the charges of the Society on the following basis: i. Property taxes : As fixed by the Local Authority ii. Water Charges : On the basis of total number and size of inlets provided in each flat. iii. Expenses on repairs and maintenance of the building/buildings of the Society : At the rate fixed at the general body from time to time, subject to the minimum of 0.75 percent per annum, of the construction cost of each flat for meeting expenses of normal recurring repairs. iv. Expenses on repairs and maintenance of the lift, including charges for running the lift : Equally by all the Members of the building in which lift is provided, irrespective of the fact whether they use the lift or not. v. Sinking Fund : As provided under the bye-law No. 13(c). vi. Service Charges : Equally divided by number of flats / units. vii. Parking Charges : At the rate fixed by the General Body of the Society at its meeting under the bye-law No. 83/84. viii. Interest on the delayed payment of Charges : At the rate fixed under the bye-law No. 71 to be recovered from the defaulter Member. ix. Repayment of the installment of the loan and interest : The amount of each installment with interest fixed by the financing agency. x. Non-occupancy charges : At the rate fixed under the bye-law No. 43(b)(iii). xi. Insurance Charges : The built up areas of each flat, provided that if there is increase in the insurance premium due to storing any specific goods in any flat, used for commercial purposes, the extra burden of insurance premium shall be shared by those who are responsible for such increased premium in proportion of the built up areas to their flats. xii. Lease Rent : The built up area of each flat / unit. xiii. Non-Agricultural tax : The built up area of each flat / unit xiv. Education & Training Fund : Rs. 10 per Flat/unit per month. xv. Election Fund : Equally by the Members and as prescribed by the Election Authority in the Rules xvi. Any other charges : As may be decided by the General Body Meeting of the Society Committee to fix Society's Charges in respect of every flat. b. The Committee shall fix in respect of every flat the Society charges on the basis laid as down under the bye-law No, 67 (a).