Cap. 398 Art. 21Functions of the meeting.

In addition to the functions conferred by the preceding provisions of this Act, the meeting of the condomini which is to be held at least once annually shall have the following functions:

(a) to appoint or to confirm the administrator and to determine any remuneration that may be due;

(b) to approve the estimates of expenditure to be incurred during the year;

(c) to approve the accounts prepared by the administrator and to determine how any residual assets accruing from the management of the common parts shall be utilised or invested;

(d) to approve the execution of extraordinary repairs and, if need be, to create a special fund for such repairs.