Sunday, March 22, 2015

Update #1 - Calling for the formation of the MC and 1st AGM

Please be reminded that the Developer is calling for the formation of MC and its 1st AGM this coming Saturday at 10:30.

In accordance with Act 318 of All proprietors who have completed their Strata Title transfer have been sent an invitation and information pack by the Developer.

Please note only proprietors who have completed their Strata Title transfer and have no outstanding maintenance fund balance may vote or be elected as Council Members.

Based on data provided by the Developer there are around 600 proprietors who have completed their Strata Title transfers and as per section 11 of Second Schedule within Act 318 the following should be noted:

11. Quorum at general meeting. 
(1) One half of the persons entitled to vote shall constitute a quorum at a general meeting. 
(2) If within half an hour after the time appointed for a general meeting, a quorum is not present, the meeting shall stand adjourned to the same day in the next week at the same place and time, and if at the adjourned meeting a quorum is not present within half an hour after the time appointed for the meeting, those persons entitled to vote who are present shall constitute a quorum.

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