A shareholder with the required percentage needed to call for and has asked for the company and service charges to be audited however they are all in one account, how common is it for audits to be asked for and who pays?
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Leaseholders have the right to request audit for the service charge account. See item 12 .
https://www.lease-advice.org/advice-...charges-wales/
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Originally posted by Gordon999 View PostLeaseholders have the right to request audit for the service charge account. See item 12 .
https://www.lease-advice.org/advice-...charges-wales/
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Originally posted by Stacker View PostSo Andrew what would be the better remedies as Section 21/22 has not been complied with?
Originally posted by Stacker View PostSo does the company pay as its a company shareholder calling for this? Cant see this being justified through the service charges? Its a company expense?
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Very interesting but I think you have this wrong. A shareholder over a certain percentage (i think 10%) but definitely 20% can insist on company accounts being audited as an expense of the company. Which means all shareholders will pay
i looked at this carefully and am dead certain. This applies to a minority shareholding and shareholders do have powers for unfair prejudice and other remedies
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Yes but you completely misunderstand what company accounts are. Service charge accounts are not anything to do with company accounts. There are completely separate rules for service charge accounts both in terms of audit and viewing (which strive to achieve as much opacity as possible)
So no, 10% of "shareholders" most definitively cannot demand and achieve an audit of service charge accounts (for what that would be worth anyway in most cases). Your "dead certainty" is absolutely wrong. Sorry.
Most senior folk on the forum have been around the block a few times.
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