Interest on Arrears of Charges

Descriptive title — the official text prints no heading for this bye-law.

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71. A Member shall be required to pay simple interest at twenty one percent per annum, or, at such lower rate as may be fixed by the General Body, on the outstanding dues to the Society, from the date the amount was due as prescribed under Bye-law no. 70, till full and final payment by the Member

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2026 Rules: Recovery of unpaid dues (106C-14 · 154B-29)

For housing societies, recovery of dues is under section 154B-29 of the MCS Act (Rule 106C-14 of the Co-operative Housing Rules 2026).

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Related provisions

MCS Act, 1960 — Chapter XIII-B

Section 154B-29 — Recovery of certain sums and arrears due to housing societies as arrears of land revenue →

2026 Amendment Rules

Rule 106C-14 · 154B-29 — Recovery of unpaid dues →

interest arrears 21 percent overdue charges simple interest

← Previous

70. Review of payment defaults cases of Society charges

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72. Incorporation

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