Differences between society and apartment

Differences between society & apartment as far as an audit of account & date of AGM is concerned

 Que. What are key differences between society & apartment as far as an audit of account & date of AGM is concerned

A society audit has to be completed on or before 31st of July( within four months of the closure of the financial year) and has to be kept before the General Body meeting, which has to be held on or before 30th September. In case of an Apartment Condominium the Association has to publish an Audited Annual Financial Statement on or before 31st July and the copy of the same has to be submitted to the Registrar before 15th August . Please note that the Annual general meeting and other matters in case of an Association of Apartment should be as per the Byelaws of the said Association.



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