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Today: Dec 14, 2010
| Annual General Meeting |
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The body must hold an Annual General Meeting (AGM) within four months of the end of the body corporate's financial year. According to management rule 56, the agenda for the AGM must include at least the following: •    The consideration of the financial statements and audited accounts -approval of the financial statements is not specified. •    The consideration of a report prepared by the trustees and signed by the chairman reviewing the affairs of the body corporate for the past year. •    The approval, with on without amendment, of the schedules of insurance replacement,values. •    The approval with cfr without amendment of the budget for the ensuing year.              •    The appointment of ah auditor, or, if a scheme comprises nine units or less, an accounting officer may be appointed. •    The determination of the number of trustees for the ensuing year. •    The election of trustees. •    The giving or imposing of any directions or restrictions referred to in section 39(1) of the Act. •    The determination of the domicilium citandi et executandi (address) of the body corporate, which must be in the magisterial district in which the scheme is situated, or at the address of the managing agent. •    Discussion of any special business of which notice has been given. No business for which a minimum of fourteen days notice has not been given may be discussed or voted upon at the AGM. |
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