Meetings

Meetings of Management Corporation (S 26)

Within 1 month of the expiry of the initial period or within 6 weeks of the receipt of a request in writing mode by Subsidiary Proprietor of not less than 10% of total number of lots in the subdivided building, the proprietor shall convene a meeting of Management Corporation

The agenda for the meeting shall consist of:

  • Decision of extension of insurance
  • Determination of amount to be raised for management fund and sinking fund
  • Determination of members of council and to elect the council
  • Appointment of managing agent and determination of their powers and duties
  • Adoption of audited accounts of management corporation

Annual General Meeting (S 27)

  • Held in each calendar year and not more than 15 months after the holding of the last preceding AGM
  • Not holding AGM, the management corporation and every member of the council shall be hold guilty of an offence

Extraordinary General Meeting (1st Schedule, S 14))

  • Requisition of EGM should be signed by one or more persons entitled to vote in respect of one or more lots, the share value of which is at least 20% of the aggregate share value of all the lots in the subdivided building, or not less than 25% of total number of Subsidiary Proprietor of the lots in subdivided building
  • Requisition shall state the objects of the meeting
  • Meetings must be held within 14 days after date of requisition, if not, the requisitionists, representing more 50% of the total, may themselves convene a meeting subject to the expiration of 3 months from that date.

Updated January 2006