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crewmy
post 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?
crewmy
post Jan 30 2019, 09:07 PM

Getting Started
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Junior Member
138 posts

Joined: May 2007


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.

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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Thank you. Do you know what is the terms used for all these "rules"? SOP? House Rules?

 

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