INTEREST ON ARREARS STATEMENT
Statement date: 1 April 2026
Society/member/unit: ABC Cooperative House Building Society Ltd / Aarav Sharma / Flat 804. Member no. M-118.
Interest period: 2 April 2026 to 3 April 2026. Opening principal: ₹25,000 (Rupees Twenty Five Thousand only). Rate: 25,000% p.a. Basis: Registered bye-law rate. Ledger: X. Method: X. Interest: ₹25,000 (Rupees Twenty Five Thousand only). Closing total: ₹25,000 (Rupees Twenty Five Thousand only).
RECORD PARTICULARS
What is the society registration number? CHD/COOP/118
What is the society registered office address? Sector 48, Chandigarh
Which jurisdiction applies? Punjab
What is the member correspondence address? Flat 804, Sector 48, Chandigarh
What society/property record identifies the unit? Share Certificate SC-118
What committee/general-body resolution supports the action? Resolution 14 dated 01 September 2026
DAILY BALANCE LOGIC
Interest should follow the balance actually outstanding after each credit. A payment received midway through the period changes the interest base from its effective date, and the statement should allow that recomputation from the transaction ledger.
RATE SOURCE
The percentage itself is not self-proving. The society should retain the bye-law, resolution, contract or award that authorises the rate and use the same source in any demand, settlement or recovery filing that relies on this statement.
LEGAL BASIS
Punjab: The Punjab Co-operative Societies Act, 1961 governs this interest on arrears statement. Section 55 provides the Registrar reference route for qualifying disputes touching the constitution, management or business of the society. The first society action is taken by the managing committee or general body under the registered bye-laws; the Registrar of Cooperative Societies, Punjab receives a statutory reference when section 55 applies. This notice is not itself an appealable order; a qualifying challenge proceeds through the section 55 Registrar dispute route.
Chandigarh: The Punjab Co-operative Societies Act, 1961 and Punjab Co-operative Societies Rules, 1963 apply to cooperative societies in UT Chandigarh. Section 55 provides the equivalent Registrar dispute route, administered locally by the Registrar of Cooperative Societies, UT Chandigarh. The current filing fee and period for the precise section 55 filing in this document were not confirmed from the sources used. This notice is not itself an appealable order; a qualifying challenge proceeds through the section 55 Registrar dispute route.
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
The purpose of collecting personal data in this interest on arrears statement is to identify the member, unit and society record needed to administer the stated maintenance, default, recovery or dispute action.