AGM of RWAs
1 year ago
Can AGM, attended by only 1/3rd of members take financial decision of increasing Maintenance Charges? if Minutes of AGM are not approved by House, can RWA implement increase in charges?
A.Dear Client,
A minimum of two-thirds of the total number of members, subject to a maximum of 20, should be present to constitute the quorum for the AGM. A society is entitled to levy a charge provided it is approved by the general body at a valid meeting, in consonance with the bye-laws.
A minimum of two-thirds of the total number of members, subject to a maximum of 20, should be present to constitute the quorum for the AGM. A society is entitled to levy a charge provided it is approved by the general body at a valid meeting, in consonance with the bye-laws.
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