Is there any rules on the amount an MC can approve for payment, and the amount that needs approval from an EGM/AGM?
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Strata act 757
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Jan 29 2019, 10:46 PM
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138 posts Joined: May 2007 |
Is there any rules on the amount an MC can approve for payment, and the amount that needs approval from an EGM/AGM?
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Jan 30 2019, 09:07 PM
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QUOTE(ulala2 @ Jan 30 2019, 09:09 AM) if not mistaken, normally MC will table the limit of authority in EGM/AGM to obtain approval from the owners. Thank you. Do you know what is the terms used for all these "rules"? SOP? House Rules?For example: > 250k - Chairman 250k < but <500k - Chairman + secretary 1m < need AGM / EGM It is all depends on the MC to propose. |
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