VVE Financial Year and Manager: What to Do?
Questioner
Ir/Madam HOA In our deed of division it is stated that the financial year is equal to a calendar year 1 Jan to 31 Dec. Our administrator uses a different financial year, namely from 1 July to 30 June. This is not a calendar year (1 January to 31 Dec.) Is that bad or should this be changed. As far as I know there are no resolutions of the meeting about this. I would like to hear from youLawyer
If nothing else is stipulated in the deed of division on this, the manager may use a different financial year if this does not jeopardize the financial reporting. Normally, the deed of division is retained. For more information or assistance, please feel free to contact me directly and without obligation.Neem de volgende stap
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