Question

Non-occupancy Charges cannot exceed ___________ % of service charges. a) 30 b) 10 c) 25 d) 30​

Answer 1

Answer:

b) 10 percent is the correct option

Answer 2

Non-occupancy Charges cannot exceed 10% of service charges.

Explanation:

Under a circular issued by the government of Maharashtra, under Section 79A of the Maharashtra Cooperative Societies Act, 1960, the amount of non occupancy charges cannot exceed 10% of the service charges of the society (excluding municipal taxes).

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