(1) If any shareholder or creditor subject to the Act fails to pay the amount due on any payment term even by the specified date, he shall pay interest at the rate of 5% per annum from the specified date to the date of actual payment.
(2) If the amount to be paid is not paid by the specified date, the interest at the rate as per sub-rule (1) and notice to such shareholder or creditor that the corporation shall pay a lump sum for all the expenses incurred until such time as the amount is not paid. Can send.
(3) When sending the notice according to sub-rule (2), the date, place and the person to whom the payment should be made shall be mentioned at least 14 days after the date of sending the payment deadline of the amount to be paid. If payment is not made accordingly, it will be written in the notice that no interest will be given on the related bond and that the amount may be deducted as decided by the committee.
(4) In relation to the interest charged as per sub-rule (1), the committee may decide not to pay some points as it sees fit.