Jan 26, 2012

4-Weekly Statutory Notices & Accounts

As the first signature to the CSA was on the 12th Jan 2012 (assumed) the first 4-weekly Statutory Notice is thus due on the Notice Board on 8th February 2012

The 8-Weekly Notices in Round 1 were allegedly manipulated shamelessly. Could it happen again in Round 2?

Protestations about professional integrity aside, there ought to be a system in place for checking the checkers with full access to all documents given to any SP upon written request. Transparency was promised at the off-set, but will they deliver on that promise with regard to the Statutory Notices? Any shielding from SP scrutiny will only heighten suspicion.

Here is the Law on the Statutory Notices:-
First Schedule: 1.




The 3rd Schedule allows SPs unfettered access to the Accounts, which is a relief as the sale committee is now managing the Enbloc Sale Fund (ESF) with the potential to collect tens of thousands of dollars.  As the Vice-Chairman is a banker by profession, I place this account above suspicion. Nevertheless, as is my right, I shall be asking for access to it at various points along the way... :)

Here is the Law on the keeping of records :

3rd Schedule:-

No comments:

Post a Comment