Some Aspects on the Annual General Meeting

Some Aspects on the Annual General Meeting

Posted in Paddocks Press Newsletter

It’s that time of the financial year again, where preparation for the annual audit should soon be underway.

The body corporate is a juristic person that requires organs and agents to act on its behalf. It has two organs, namely the trustees and the the general meeting. The general meeting is made up of all the owners of units within the sectional title scheme. All meetings of owners are called general meetings. The general meeting is very important as it deals with important matters beyond the jurisdiction of the trustees, and has the power to impose restrictions and give directions to the trustees in terms of section 39(1) of the Act. General meetings are dealt with in Prescribed Management Rule 50 to 67.

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Water Restrictions

City’s Council amends and approves proposed water restrictions

CITY OF CAPE TOWN

MEDIA RELEASE

 The implementation of Level 2 water restrictions was approved by the City’s Council after an amendment to the report that allows for relaxed rules in certain instances. In addition to getting residents to tighten up on their water usage, this will have implications for their water accounts. In addition, the City would like to inform residents that they may experience a slight change in the taste and colour of their water going into summer due to lower dam levels.

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Festive Season

Festive Season

Posted In: Paddocks Press Newsletter

One can say that this is the absolute favourite time of year – Christmas. In South Africa, the Christmas season brings with it fun, food, family, friends, and festivities. However, in sectional title schemes this could mean more braais, higher volumes of visitors, increased traffic, parking problems, and noise nuisance.

The Sectional Titles Act 95 of 1986 (“the Act”), Prescribed Management Rules (“the PMRs”) and Prescribed Conduct Rules (“PCRs”) make provision for how owners must behave.

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scared

Special Levy Q&A’s

1.      When a special levy is raised, are owner’s permission and signature required?

 

No, any special contribution becomes due on the passing of a resolution in this regard by the trustees of the body corporate.

 

Rule 37 (A) in the Sectional Title Act refers that this contribution may be recovered by the body corporate by action in any competent court (including any magistrate’s court) having jurisdiction, from the persons who were the owners of units at the time when resolution was passed.

 

Special contribution for the purpose of this section means any contribution levies under subsection (1) other than contributions which arise from the approval of the estimate of income and expenditure at an AGM of a body corporate, determined to be a contribution to be levied upon the owner during the ensuing financial year.

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