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Yearly Financials

By Robert Nel on Thu, 02 Sep 2010 at 16:18

Does an owner have the right to see the body corporates financial's and supporting documents , especially if fraud by the chairperson and managing agent is suspected . In this case this has been refused by both the chairman and managing agent ( who is operating 30 + blocks with an expired fidelity certificate ).

Robmann

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RE: Yearly Financials

Myburgh Brink replied on Thu, 02 Sep 2010 at 16:29

Hi
Included in the documentation for the AGM, every owner must receive a copy of the audited financial statements of the scheme (PMR 37).

RE: Yearly Financials

Gerhard Bezuidenhout replied on Thu, 02 Sep 2010 at 17:01

An owner is entitled to access to all documents -also the archived documents.
Start with the trustees - it is not the chairperson's prerogative to deal exclusively with financial matters.

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