QUOTE(aurora97 @ Jul 7 2015, 10:36 AM)
Actually all this problem arise because of the indifference of owners, AGM/EGM also don’t attend and leave it to “certain people” to run the management. The rot normally starts slowly with minor inflated claims, after that the amount gets bigger and bigger. Since no one query, the opportunity for wrong doing grows bigger day by day.
This is proven, as our auditor went into investigate item by item (not forensic type of audit), the claims get bigger and bigger, the reason for the claim also get more and more ridiculous. (example: night club expenses in Penang, kononya have to entertain some bomba people cause they creating some problem, when condo is in KL).
Also, another account normally will be affected is the sinking fund.
Yes, very true.This is proven, as our auditor went into investigate item by item (not forensic type of audit), the claims get bigger and bigger, the reason for the claim also get more and more ridiculous. (example: night club expenses in Penang, kononya have to entertain some bomba people cause they creating some problem, when condo is in KL).
Also, another account normally will be affected is the sinking fund.
If owners do not attend AGM, mc with bad intention to eat money will manipulate management fund
QUOTE(aurora97 @ Jul 7 2015, 10:50 AM)
See 2(5)/(6) of Schedule 2 SMA.
Actually that is the right way of getting around the problem.
The law is quite clear. Cannot 2 years consecutively become Chairman, Treasurer or Secretary.
So this year Chairman, next year Treasurer, year after become Secretary and rotate around like musical chair, shouldn’t be a problem. Worse become committee. Committee can sit up to 3 years.
Here is a true story in a condo, husband and wife pakat with each term of chairman to manipulate Actually that is the right way of getting around the problem.
The law is quite clear. Cannot 2 years consecutively become Chairman, Treasurer or Secretary.
So this year Chairman, next year Treasurer, year after become Secretary and rotate around like musical chair, shouldn’t be a problem. Worse become committee. Committee can sit up to 3 years.
maintenance fee while husband is not the owner, the worst scenario both husband and wife are not
in committee team but both control whole condo like samsixg.
This post has been edited by Hongch: Apr 17 2024, 03:00 PM
Apr 17 2024, 02:52 PM

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