Tag: waiving

One of the more frequently complained about aspects of sectional title management is the unauthorised spending of body corporate funds by the trustees or the scheme’s managing agent. Now that South Africans are forced to face the grave economic impact of COVID-19 and the national lockdown, the need to tighten the belt on our own…

Over the past couple of months, in light of the national lockdown and subsequent Alert Levels, many bodies corporate have expressed their desire to forego the holding of an AGM and to have their members simply approve Annual General Meeting (“AGM”) agenda items in writing via email. While legislation does provide for this, it has…