Waiver of interest on delayed payments in real estate sector

From Taxation point of view, there will be no problem for the company as it is internal company policy and it is waived then there will be revenue for the company........

But the Companies act will get effected, As per AOA company needs to collect interest for the delay payments but the company acting ultravirus to the AOA, so make necessary modifications to the AOA as provide authority to the management to waive the interest in certain circumstances & please mention the list of circumstances.

From revenue point of view, company is effecting as construction companies needs high working capital & end up with paying large amount of interests, So it will be advisable to have proper & transperent Management policy for the interest waiver......