Question:
For a new development, how soon after registration should the first Annual General Meeting (AGM) be held?

Answer:
We refer to the first meeting of the body corporate as the 'inaugural' general meeting of the body corporate.

In terms of prescribed management rule 50 the inaugural general meeting of the body corporate must be held within sixty days of the establishment of the body corporate. In terms of section 36(1) of the Sectional Titles Act 95 of 1986, the body corporate is established on the date that any person other than the developer becomes an owner of a unit in a scheme.

The inaugural meeting must therefore be held within sixty days of a person other than the developer becoming an owner in the scheme.

Links to all Jennifer?s previous Q&As on page two?