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Q. Restrictions on electronic payment

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Eapen George

posted 6 months ago

Q.Restrictions on electronic payment
Can a registered co-operative society pass a resolution that payment of monthly dues by RTGS/NEFT/Bank Transfer will attract a penalty on the member? Can they insist that Cheque in Dropbox is the only acceptable mode of payment? Does this not violate the Government's push towards electronic digital payments? What legal remedy should I adopt if I am penalised like this?

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Shreyash Mohta

Experience: 1 Year(s)

Responded 6 months ago

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A. ) Sir no one can stop you from paying the amount through any way of recognised legal tender. No one can impose penalty as well. There are a variety of modes by which one can pay according to ones own convenience. Issue them a legal notice if they do not honour your payment and also give a letter stating that you shall go up to the RBI and take legal actions for not honouring your payments.
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Shreyash Mohta

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Kishan Dutt Kalaskar Retired Judge

Experience: 33 Year(s)

Responded 6 months ago

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A. ) Dear Sir,
They cannot instruct you to use only particular method of remittance. Get issue a legal notice and threaten them to report to the RBI authorities and other authorities for taking action against them for not honouring legal tender through RTGS/NEFT Bank transfers.

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Rameshwar Dadhe

Experience: 2 Year(s)

Responded 6 months ago

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A. ) U can pay any how . Otherwise file complaint against the management body

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Eapen George

Replied 6 months ago

Thank you very much for the reply Sir. Could you advise me which forum I should approach to file the complainant? Registrar office doesn't respond. Can we go to Consumer Forum for quicker resolution?

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Rameshwar Dadhe

Experience: 2 Year(s)

Replied 6 months ago

Go to the sub registrar or register otherwise district collector

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