Deeds Registry Act 47 of
Written Conveyancing Quote
Property Trusts
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Today: Sep 08, 2010
| Quorum for decicions at Anual General meeting |
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Management rule 57 states that no business may be transacted at a general meeting unless a quorum is present, either in person or by proxy. For the purpose of a general meeting, a quorum is defined as:
votes. • In schemes of between eleven and forty-nine units - owners holding at least 35% of the votes. • In schemes of more than fifty units - owners holding at least 20% of votes. If a quorum is not present within thirty minutes of the time that a general meeting is due to start, the meeting will be adjourned to the same time and same place seven days later. If a quorum is not present within thirty minutes of the scheduled start of the adjourned meeting, the number of people present or represented will form a quorum and the meeting will proceed. |


















