WebAnnual general meetings. In this second article, we will be dealing with annual general meetings (“AGM”). In terms of Prescribed Management Rule (“PMR”) 17 (1) of Annexure 1 of the Regulations to the Sectional Titles Schemes Management Act, 8 of 2011 (“the STSMA”), the body corporate must hold an AGM within 4 months of the end of ... WebThese two rules have been combined to form the basis of the new PMR 19 contained in Annexure 1 to the Regulations made under the Sectional Titles Schemes Management Act 8 of 2011 (“the STSM Act”). PMR 19 (1) states that no business can be transacted at a general meeting unless a quorum is present or represented, for example by proxies.
Rule changes have sectional title owners worried
WebSectional title dispute resolution: Resolving disputes through the traditional method of going to court is a lengthy and expensive process. ... PMR 71 will be no longer apply and the process applicable to all community scheme disputes – where the parties do not agree otherwise – is likely to be: (a) Internal or external conciliation. WebPage 1 of 43 Paddocks www.paddocks.co.za Tel: +27 21 686 3950 Fax: +27 21 686 3951 Paddocks Club www.paddocksclub.co.za Table of contents SECTIONAL TITLES ACT, 95 OF 1986 4 1 Definitions 4 PART I - INTRODUCTORY PROVISIONS, SECTIONS 2-3 7 2 Ownership and real rights in or over parts of buildings, and registration of title to ownership should verbatim be italicized
Introduction to Trustees’ and Managing Agents’ Duties …
WebSTBB’s REFERENCE GUIDE TO THE SECTIONAL TITLES SCHEMES MANAGEMENT ACT . For Managing Agents, Trustees, Owners and Property Practitioners . In this, the thirty-eighth set of notes for your STSMA Reference Guide, Prescribed Management Rule 17 is discussed. ... PMR 17(11) A person who attends a meeting as provided under PMR 17(10) above is ... WebARRANGEMENT OF SECTIONAL TITLES SCHEMES MANAGEMENT REGULATIONS 1. Definitions 2. Minimum amounts for reserve funds 3. Other risks to be insured against 4. … WebSTBB’s REFERENCE GUIDE TO THE SECTIONAL TITLES SCHEMES MANAGEMENT ACT . For Managing Agents, Trustees, Owners and Property Practitioners . In this, the forty-sixth set of notes for your STSMA Reference Guide, Prescribed Management Rule 25 is discussed. ... PMR 25(6) The body corporate must in its annual financial statements account for all ... should verb type