Common use of Keeping of accounts Clause in Contracts

Keeping of accounts. (a) The Manager shall maintain proper books or records of account and other financial records and shall keep all bills, invoices, vouchers, receipts and other documents referred to in those books and records for at least 6 years. The Manager shall keep separate management accounts for: (i) the Development Common Parts and the Development Management Expenses; (ii) the Residential Common Parts and the Residential Management Expenses; and (iii) the Parking Common Parts and the Parking Management Expenses. (b) Within one month after each consecutive period of 3 months, or such shorter period as the Manager may select, the Manager shall prepare a summary of income and expenditure and a balance sheet in respect of that period, display a copy of the summary and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (c) Within 2 months after the end of each Financial Year, the Manager shall prepare an income and expenditure account and balance sheet for that year, display a copy of the income and expenditure account and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (d) Each income and expenditure account and balance sheet shall include details of the Special Fund and an estimate of the time when there will be a need to draw on that Fund, and the amount of money that will be then needed. (e) Prior to the formation of the Owners’ Corporation, if the Owners at an Owners’ meeting convened under this Deed decide that any income and expenditure account and balance sheet for a Financial Year should be audited by an independent auditor of their choice, the Manager shall without delay arrange for such an audit to be carried out by that auditor. (f) If there is an Owners’ Corporation and the Owners’ Corporation decides, by a resolution of the Owners, that any income and expenditure account and balance sheet should be audited by an accountant or by some other independent auditor as may be specified in that resolution, the Manager shall without delay arrange for such an audit to be carried out by that person and: (i) permit any Owner, at any reasonable time, to inspect the audited income and expenditure account and balance sheet and the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet; and (ii) on payment of a reasonable copying charge, supply any Owner with a copy of the audited income and expenditure account and balance sheet, or the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet, or both, as requested by the Owner.

Keeping of accounts. (a) The Manager shall maintain proper books or records of account and other financial records and shall keep all bills, invoices, vouchers, receipts and other documents referred to in those books and records for at least 6 years. The Manager shall keep separate management accounts for: (i) the Development Common Parts and the Development Management Expenses; (ii) the Residential Common Parts and the Residential Management Expenses; (iii) the Towers Common Parts and the Towers Management Expenses; and (iiiiv) the Parking Common Parts and the Parking Management Expenses.; (b) Within one month after each consecutive period of 3 months, or such shorter period as the Manager may select, the Manager shall prepare a summary of income and expenditure and a balance sheet in respect of that period, display a copy of the summary and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (c) Within 2 months after the end of each Financial Year, the Manager shall prepare an income and expenditure account and balance sheet for that year, display a copy of the income and expenditure account and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (d) Each income and expenditure account and balance sheet shall include details of the Special Fund and an estimate of the time when there will be a need to draw on that Fund, and the amount of money that will be then needed. (e) Prior to the formation of the Owners’ Corporation, if the Owners at an Owners’ meeting convened under this Deed decide that any income and expenditure account and balance sheet for shall have the power to require the annual accounts to be audited by an independent auditor of their choice. If the Owners at an Owners’ meeting convened under this Deed decide, by a Financial Year should resolution of the Owners, to require the annual accounts to be audited by an independent auditor of their choice, the Manager shall without delay arrange for such an audit to be carried out by that auditor. (f) If there is an Owners’ Corporation and the Owners’ Corporation decides, by a resolution of the Owners, that any income and expenditure account and balance sheet should be audited by an accountant or by some other independent auditor as may be specified in that resolution, the Manager shall without delay arrange for such an audit to be carried out by that person and: (i) permit any Owner, at any reasonable time, to inspect the audited income and expenditure account and balance sheet and the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet; and (ii) on payment of a reasonable copying charge, supply any Owner with a copy of the audited income and expenditure account and balance sheet, or the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet, or both, as requested by the Owner.

Keeping of accounts. (a) The Manager shall maintain proper books or records of account and other financial records and shall keep all bills, invoices, vouchers, receipts and other documents referred to in those books and records for at least 6 years. The Manager shall keep separate management accounts for: (i) the Development Common Parts and the Development Management Expenses; (ii) the Residential Common Parts and the Residential Management Expenses; and; (iii) the Parking Upper Floors Common Parts and the Parking Upper Floors Management Expenses; and (iv) the Shops Common Parts and the Shops Management Expenses. (b) Within one month after each consecutive period of 3 months, or such shorter period as the Manager may select, the Manager shall prepare a summary of income and expenditure and a balance sheet in respect of that period, display a copy of the summary and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (c) Within 2 months after the end of each Financial Year, the Manager shall prepare an income and expenditure account and balance sheet for that year, display a copy of the income and expenditure account and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (d) Each income and expenditure account and balance sheet shall include details of the Special Fund and an estimate of the time when there will be a need to draw on that Fund, and the amount of money that will be then needed. (e) Prior to the formation of the Owners’ Corporation, if the Owners at an Owners’ meeting convened under this Deed decide that any income and expenditure account and balance sheet for a Financial Year should be audited by an independent auditor of their choice, the Manager shall without delay arrange for such an audit to be carried out by that auditor. (f) If there is an Owners’ Corporation and the Owners’ Corporation decides, by a resolution of the Owners, that any income and expenditure account and balance sheet should be audited by an accountant or by some other independent auditor as may be specified in that resolution, the Manager shall without delay arrange for such an audit to be carried out by that person and: (i) permit any Owner, at any reasonable time, to inspect the audited income and expenditure account and balance sheet and the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet; and (ii) on payment of a reasonable copying charge, supply any Owner with a copy of the audited income and expenditure account and balance sheet, or the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet, or both, as requested by the Owner.

Keeping of accounts. (a1) The Manager manager shall maintain proper books or records of account and other financial records and shall keep all bills, invoices, vouchers, receipts and other documents referred to in those books and records for at least 6 years. The Manager shall keep separate management accounts for: (i) the Development Common Parts and the Development Management Expenses; (ii) the Residential Common Parts and the Residential Management Expenses; and (iii) the Parking Common Parts and the Parking Management Expenses. (b2) Within one 1 month after each consecutive period of 3 months, or such shorter period as the Manager manager may select, the Manager manager shall prepare a summary of income and expenditure and a balance sheet in respect of that period, display a copy of the summary and balance sheet in a prominent place in the Developmentbuilding, and cause it to remain so displayed for at least 7 consecutive days. (c3) Within 2 months after the end of each Financial Yearfinancial year, the Manager manager shall prepare an income and expenditure account and balance sheet for that year, display a copy of the income and expenditure account and balance sheet in a prominent place in the Developmentbuilding, and cause it to remain so displayed for at least 7 consecutive days. (d4) Each income and expenditure account and balance sheet shall include details of the Special Fund special fund required by paragraph 4 and an estimate of the time when there will be a need to draw on that Fundfund, and the amount of money that will be then needed. (e5) Prior The manager shall- (a) permit any owner, at any reasonable time, to inspect the formation books or records of the Owners’ Corporation, if the Owners at an Owners’ meeting convened under this Deed decide that account and any income and expenditure account and or balance sheet for sheet; and (b) on payment of a Financial Year should be audited reasonable copying charge, supply any owner with a copy of any record or document requested by an independent auditor of their choice, the Manager shall without delay arrange for such an audit to be carried out by that auditorhim. (f6) If there is an Owners’ Corporation a corporation and the Owners’ Corporation corporation decides, by a resolution of the Ownersowners, that any income and expenditure account and balance sheet should be audited by an accountant or of by some other independent auditor as may be specified in that resolution, the Manager manager shall without delay arrange for such an audit to be carried out by that person and: (ia) permit any Ownerowner, at any reasonable time, to inspect the audited income and expenditure account and balance sheet and the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet; and (iib) on payment of a reasonable copying charge, supply any Owner owner with a copy of the audited income and expenditure account and balance sheet, or the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet, or both, as requested by the Ownerowner. (7) The financial year may not be changed more than once in every 5 years, unless that change is previously approved by a resolution of the owners' committee (if any).

Keeping of accounts. (a) The Manager shall maintain proper books or records of account and other financial records and shall keep all bills, invoices, vouchers, receipts and other documents referred to in those books and records for at least 6 years. The Manager shall keep separate management accounts for: (i) the Development Common Parts and the Development Management Expenses; (ii) the Residential Common Parts and the Residential Management Expenses; and (iii) the Parking Common Parts and the Parking Management Expenses. (b) Within one month after each consecutive period of 3 months, or such shorter period as the Manager may select, the Manager shall prepare a summary of income and expenditure and a balance sheet in respect of that period, display a copy of the summary and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (c) Within 2 months after the end of each Financial Year, the Manager shall prepare an income and expenditure account and balance sheet for that year, display a copy of the income and expenditure account and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (d) Each income and expenditure account and balance sheet shall include details of the Special Fund required by Clause 10.4 and an estimate of the time when there will be a need to draw on that Fundfund, and the amount of money that will be then needed. (e) Prior to the formation of the Owners’ Corporation, if the Owners at an Owners’ meeting convened under this Deed decide that any income and expenditure account and balance sheet for must have power to require the annual accounts to be audited by an independent auditor of their choice. If the Owners at an Owners’ meeting convened under this Deed decide, by a Financial Year should resolution of the Owners, to require the annual accounts to be audited by an independent auditor of their choice, the Manager shall without delay arrange for such an audit to be carried out by that auditor. (f) If there is an Owners’ Corporation and the Owners’ Corporation decides, by a resolution of the Owners, that any income and expenditure account and balance sheet should be audited by an accountant or by some other independent auditor as may be specified in that resolution, the Manager shall without delay arrange for such an audit to be carried out by that person and: (i) permit any Owner, at any reasonable time, to inspect the audited income and expenditure account and balance sheet and the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet; and (ii) on payment of a reasonable copying charge, supply any Owner with a copy of the audited income and expenditure account and balance sheet, or the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet, or both, as requested by the Owner.

Keeping of accounts. (a) The Manager shall maintain proper books or records of account and other financial records and shall keep all bills, invoices, vouchers, receipts and other documents referred to in those books and records for at least 6 years. The Manager shall keep separate management accounts for: (i) the Development Common Parts and the Development Management Expenses; (ii) the Residential Common Parts and the Residential Management Expenses; and; (iii) the Parking Common Parts and the Parking Management Expenses; and (iv) the Shops Common Parts and the Shops Management Expenses; and. (b) Within one month after each consecutive period of 3 months, or such shorter period as the Manager may select, the Manager shall prepare a summary of income and expenditure and a balance sheet in respect of that period, display a copy of the summary and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (c) Within 2 months after the end of each Financial Year, the Manager shall prepare an income and expenditure account and balance sheet for that year, display a copy of the income and expenditure account and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (d) Each income and expenditure account and balance sheet shall include details of the Special Fund and an estimate of the time when there will be a need to draw on that the Special Fund, and the amount of money that will be then needed. (e) Prior to the formation of the Owners’ Corporation, if the Owners at an Owners’ meeting convened under this Deed decide that any income and expenditure account and balance sheet for a Financial Year should be audited by an independent auditor of their choice, the Manager shall without delay arrange for such an audit to be carried out by that auditor. (f) If there is an Owners’ Corporation and the Owners’ Corporation decides, by a resolution of the Owners, that any income and expenditure account and balance sheet should be audited by an accountant or by some other independent auditor as may be specified in that resolution, the Manager shall without delay arrange for such an audit to be carried out by that person and: (i) permit any Owner, at any reasonable time, to inspect the audited income and expenditure account and balance sheet and the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet; and (ii) on payment of a reasonable copying charge, supply any Owner with a copy of the audited income and expenditure account and balance sheet, or the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet, or both, as requested by the Owner.

Keeping of accounts. (a) The Manager shall maintain proper books or records of account and other financial records and shall keep all bills, invoices, vouchers, receipts and other documents referred to in those books and records for at least 6 years. The Manager shall keep separate management accounts for: (i) the Development Common Parts and the Development Management Expenses; (ii) the Residential Common Parts and the Residential Management Expenses; and; (iii) the Parking Common Parts and the Parking Management Expenses; and (iv) the Commercial Common Parts and the Commercial Management Expenses. (b) Within one month after each consecutive period of 3 months, or such shorter period as the Manager may select, the Manager shall prepare a summary of income and expenditure and a balance sheet in respect of that period, display a copy of the summary and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (c) Within 2 months after the end of each Financial Year, the Manager shall prepare an income and expenditure account and balance sheet for that year, display a copy of the income and expenditure account and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (d) Each income and expenditure account and balance sheet shall include details of the Special Fund and an estimate of the time when there will be a need to draw on that Fund, and the amount of money that will be then needed. (e) Prior to the formation of the Owners’ Corporation, if the Owners at an Owners’ meeting convened under this Deed decide that any income and expenditure account and balance sheet for a Financial Year should be audited by an independent auditor of their choice, the Manager shall without delay arrange for such an audit to be carried out by that auditor. (f) If there is an Owners’ Corporation and the Owners’ Corporation decides, by a resolution of the Owners, that any income and expenditure account and balance sheet should be audited by an accountant or by some other independent auditor as may be specified in that resolution, the Manager shall without delay arrange for such an audit to be carried out by that person and: (i) permit any Owner, at any reasonable time, to inspect the audited income and expenditure account and balance sheet and the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet; and (ii) on payment of a reasonable copying charge, supply any Owner with a copy of the audited income and expenditure account and balance sheet, or the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet, or both, as requested by the Owner.

Keeping of accounts. (a) The Manager shall maintain proper books or records of account and other financial records and shall keep all bills, invoices, vouchers, receipts and other documents referred to in those books and records for at least 6 years. The Manager shall keep separate management accounts for: (i) the Development Common Parts and the Development Management Expenses; (ii) the Residential Common Parts and the Residential Management Expenses; and (iii) the Parking Common Parts and the Parking Management Expenses. (b) Within one month after each consecutive period of 3 months, or such shorter period as the Manager may select, the Manager shall prepare a summary of income and expenditure and a balance sheet in respect of that period, display a copy of the summary and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (c) Within 2 months after the end of each Financial Year, the Manager shall prepare an income and expenditure account and balance sheet for that year, display a copy of the income and expenditure account and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (d) Each income and expenditure account and balance sheet shall include details of the Special Fund and an estimate of the time when there will be a need to draw on that Special Fund, and the amount of money that will be then needed. (e) Prior to the formation of the Owners’ Corporation, if the Owners at an Owners’ meeting convened under this Deed decide that any income and expenditure account and balance sheet for a Financial Year should be audited by an independent auditor of their choice, the Manager shall without delay arrange for such an audit to be carried out by that auditor. (f) If there is an Owners’ Corporation and the Owners’ Corporation decides, by a resolution of the Owners, that any income and expenditure account and balance sheet should be audited by an accountant or by some other independent auditor as may be specified in that resolution, the Manager shall without delay arrange for such an audit to be carried out by that person and: (i) permit any Owner, at any reasonable time, to inspect the audited income and expenditure account and balance sheet and the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet; and (ii) on payment of a reasonable copying charge, supply any Owner with a copy of the audited income and expenditure account and balance sheet, or the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet, or both, as requested by the Owner.

Keeping of accounts. (a) The Manager shall maintain proper books or records of account and other financial records and shall keep all bills, invoices, vouchers, receipts and other documents referred to in those books and records for at least 6 six (6) years. The Manager shall keep separate management accounts for: (i) the Development Common Parts and the Development Management Expenses; (ii) the Residential Common Parts and the Residential Management Expenses; and (iii) the Parking Common Parts and the Parking Management Expenses. (b) Within one (1) month after each consecutive period of 3 three (3) months, or such shorter period as the Manager may select, the Manager shall prepare a summary of income and expenditure and a balance sheet in respect of that period, display a copy of the summary and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 seven (7) consecutive days. (c) Within 2 two (2) months after the end of each Financial Yearfinancial year, the Manager shall prepare an income and expenditure account and balance sheet for that year, display a copy of the income and expenditure account and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 seven (7) consecutive days. (d) Each income and expenditure account and balance sheet shall include details of the Special Fund required by Clause 4.11 and an estimate of the time when there will be a need to draw on that the Special Fund, and the amount of money that will then be then needed. (e) Prior The Manager shall :- (i) permit any Owner, at any reasonable time, to inspect the formation books or records of the Owners’ Corporation, if the Owners at an Owners’ meeting convened under this Deed decide that account and any income and expenditure account and or balance sheet for sheet; and (ii) on payment of a Financial Year should be audited reasonable copying charge, supply any Owner with a copy of any record or document requested by an independent auditor of their choice, the Manager shall without delay arrange for such an audit to be carried out by that auditorhim. (f) If there is an Owners’ Corporation and the Owners’ Corporation decides (or if prior to the formation of the Owners’ Corporation, the Owners at an Owners’ meeting convened under this ▇▇▇▇ decides), by a resolution of the Owners, that any income and expenditure account and balance sheet should be audited by an accountant or by some other independent auditor as may be specified in that resolution, the Manager shall without delay arrange for such an audit to be carried out by that person andand :- (i) permit any Owner, at any reasonable time, to inspect the audited income and expenditure account and balance sheet and the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet; and (ii) on payment of a reasonable copying charge, supply any Owner with a copy of the audited income and expenditure account and balance sheet, or the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet, or both, as requested by the Owner. (g) The financial year may not be changed more than once in every five (5) years, unless that change is previously approved by a resolution of the Owners’ Committee.

Keeping of accounts. (a) The Manager shall maintain proper books or records of account and other financial records and shall keep all bills, invoices, vouchers, receipts and other documents referred to in those books and records for at least 6 years. The Manager shall keep separate management accounts for: (i) the Development Common Parts and the Development Management Expenses; (ii) the Residential Common Parts and the Residential Management Expenses; and (iii) the Parking Car Park Common Parts and the Parking Car Park Management Expenses. (b) Within one month after each consecutive period of 3 months, or such shorter period as the Manager may select, the Manager shall prepare a summary of income and expenditure and a balance sheet in respect of that period, display a copy of the summary and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (c) Within 2 months after the end of each Financial Year, the Manager shall prepare an income and expenditure account and balance sheet for that year, display a copy of the income and expenditure account and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (d) Each income and expenditure account and balance sheet shall include details of the Special Fund and an estimate of the time when there will be a need to draw on that Fund, and the amount of money that will be then needed. (e) Prior to the formation of the Owners’ Corporation, if the Owners at an Owners’ meeting convened under this Deed decide that any income and expenditure account and balance sheet for a Financial Year should be audited by an independent auditor of their choice, the Manager shall without delay arrange for such an audit to be carried out by that auditor. (f) If there is an Owners’ Corporation and the Owners’ Corporation decides, by a resolution of the Owners, that any income and expenditure account and balance sheet should be audited by an accountant (as defined in Section 2 of the Ordinance) or by some other independent auditor as may be specified in that resolution, the Manager shall without delay arrange for such an audit to be carried out by that person and: (i) permit any Owner, at any reasonable time, to inspect the audited income and expenditure account and balance sheet and the report made by the accountant (as defined in Section 2 of the Ordinance) or auditor in respect of the income and expenditure account and balance sheet; and (ii) on payment of a reasonable copying charge, supply any Owner with a copy of the audited income and expenditure account and balance sheet, or the report made by the accountant (as defined in Section 2 of the Ordinance) or auditor in respect of the income and expenditure account and balance sheet, or both, as requested by the Owner.

Keeping of accounts. (a) The Manager shall maintain proper books or records of account and other financial records and shall keep all bills, invoices, vouchers, receipts and other documents referred to in those books and records for at least 6 years. The Manager shall keep separate management accounts for: (i) the Development Common Parts and the Development Management Expenses; (ii) the Residential Common Parts and the Residential Management Expenses; and (iii) the Parking Commercial Common Parts and the Parking Commercial Management Expenses. (b) Within one month after each consecutive period of 3 months, or such shorter period as the Manager may select, the Manager shall prepare a summary of income and expenditure and a balance sheet in respect of that period, display a copy of the summary and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (c) Within 2 months after the end of each Financial Year, the Manager shall prepare an income and expenditure account and balance sheet for that year, display a copy of the income and expenditure account and balance sheet in a prominent place in the Development, and cause it to remain so displayed for at least 7 consecutive days. (d) Each income and expenditure account and balance sheet shall include details of the Special Fund and an estimate of the time when there will be a need to draw on that Fund, and the amount of money that will be then needed. (e) Prior to the formation of the Owners’ Corporation, if the Owners at an Owners’ meeting convened under this Deed decide that any income and expenditure account and balance sheet for a Financial Year should be audited by an independent auditor of their choice, the Manager shall without delay arrange for such an audit to be carried out by that auditor. (f) If there is an Owners’ Corporation and the Owners’ Corporation decides, by a resolution of the Owners, that any income and expenditure account and balance sheet should be audited by an accountant or by some other independent auditor as may be specified in that resolution, the Manager shall without delay arrange for such an audit to be carried out by that person and: (i) permit any Owner, at any reasonable time, to inspect the audited income and expenditure account and balance sheet and the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet; and (ii) on payment of a reasonable copying charge, supply any Owner with a copy of the audited income and expenditure account and balance sheet, or the report made by the accountant or auditor in respect of the income and expenditure account and balance sheet, or both, as requested by the Owner.