Strata Management Act 2013 · Updated to 8 Feb 2013 · Part V · Strata Management After Existence of
58. First annual general meeting of management corporation
Official textFrom Laws of Malaysia Online, unchanged
The agenda for the first annual general meeting of a management corporation shall include the following matters:
management corporation
“management corporation” means the management corporation which comes into existence under the Strata Titles Act 1985;
to determine the number of members of the management committee and to elect the management committee where there are more than three proprietors;
management committee
“management committee”, in relation to a management corporation, means the committee of the management corporation elected under section 56;
to consider the budget prepared by the developer under subsection 57(4);
to decide whether to confirm or vary any amount determined as the Charges, or contribution to the sinking fund;
Charges
“Charges” means any money collected to be deposited into the maintenance account;
to determine the rate of interest payable by a proprietor in respect of late payment charges;
proprietor
“proprietor” has the meaning assigned to it in section 4 of the Strata Titles Act 1985;
to consider the audited accounts of the management corporation specified in subparagraph 55(1)(b)(ii);
to decide whether to confirm, vary or extend the insurances effected by the developer for the management corporation under this Act;
to make additional by-laws; and
by-laws
“by-laws” means the by-laws which are in operation in respect of the building or land intended for subdivision into parcels or the subdivided building or land, and the common property as— (a) prescribed by the regulations made under section 150 for regulating the control, management, administration, use and enjoyment of the building or land intended for subdivision into parcels or the subdivided building or land, and the common property; or (b) provided for in any additional by-laws made under section 32, 70 or 71;
to consider any matter connected with the maintenance and management of the common property of the subdivided buildings or lands.
Duties and powers of management corporation
Terms defined in s 2
by-laws
Defined · s 2“by-laws” means the by-laws which are in operation in respect of the building or land intended for subdivision into parcels or the subdivided building or land, and the common property as— (a) prescribed by the regulations made under section 150 for regulating the control, management, administration, use and enjoyment of the building or land intended for subdivision into parcels or the subdivided building or land, and the common property; or (b) provided for in any additional by-laws made under section 32, 70 or 71;
Charges
Defined · s 2“Charges” means any money collected to be deposited into the maintenance account;
management committee
Defined · s 2“management committee”, in relation to a management corporation, means the committee of the management corporation elected under section 56;
management corporation
Defined · s 2“management corporation” means the management corporation which comes into existence under the Strata Titles Act 1985;
proprietor
Defined · s 2“proprietor” has the meaning assigned to it in section 4 of the Strata Titles Act 1985;
Chapter 6
Part VI
Part VII
Part VIII
Insurances
Part IX
Disputes and Strata Management Tribunal
Part X
Part XI