| When you purchase a unit in a Sectional Title Scheme you gain 3 things. The section in which you reside, an undivided share in the common property and membership to the body corporate. You exercise your democratic right to vote and take decisions on the operation of of the body corporate in general meetings.he body corporate in general meetings. Following the prescribed management Rule 56 of the Sectional Title Act states. Agenda MR56 56. Compulsory items of AGM agenda 56. The following business shall be transacted at an annual general meeting: (a) The consideration of the financial statement and report referred to in rules 37 and 38; (b) the approval with or without amendment of (i) the schedules of replacement values referred to in rule 29 (1) (c); and (ii) the estimate of income and expenditure referred to in rule 36; (c) the appointment of an auditor or an accounting officer; (d) the determination of the number of trustees for the ensuing year; (e) the election of trustees for the ensuing year; (f) any special business of which due notice has been given in terms of rule 54; (g) the giving of directions or the imposing of restrictions referred to in section 39 (1) of the Act; (h) the determination of the domicilium citandi et executandi of the body corporate; and (i) the confirmation by the auditor or accounting officer that any amendment, substitution, addition or repeal of the rules (as contemplated in section 35 (5) of the Act) have been submitted to the Registrar of Deeds for filing as contemplated in section 35 (5) (c) of the Act. It’s so important for owners to be present at the AGM. Remember that, as long as there was a proper notice sent to members, decisions made at the meeting are valid even if you weren’t there. |