My response to your questions are as follows:

1) The JMB will be elected on an annual basis. The first or inaugural meeting to be held is called “First Meeting of Joint Management Body” as described in the Act.
2) When a party hands over their authority to another party (in such JMB situation), it is only proper that accounts should be finalised, signed by the responsible parties, and duly audited. The question on whether to have the finalised accounts/financial statements to be audited by an external certified auditor which will incur fee is in my opinion subjective since the financial statement may not be fully a calendar year – and you or the JMB may not wish to spend the $$$ on this. However, during the meeting, owners will want to know the financial standing of the JMB (i.e. owners’ contributed monies) to the common funds. If the owners have confidence in the financial statements presented during the meeting, then whether the statements are audited by a professional party or otherwise is subjective. But presenting a draft copy (not finalised or closed) financial statement will only draw lots of doubts and perhaps suspicion.

I hope the above reply helps.

I’m sorry, I have no knowledge of the matter you are undergoing now – as to a reasonable sum of charges that comes with the issuance of separate strata title. I can only guess that like Quit Rent, it depends on the Land Office, maybe. (i.e. Selangor and Federal Territory may differ)

We have not receive such letter. I’m not an expert in land titles and a solicitor.
My suggestion is for you to visit the Land Office having jurisdiction over your title, or the legal firm you are about to pay your legal fees to perhaps.

Questions:-
1)The formation of JMB and electing the of Committee Members
known as first Meeting or INNAGURAL MEETING?
2) Can we use in the Agenda that an estimated draft of the
accounts, One year yet to complete, since JMB took-over from
developer From January 2009, no doubt the formation of JMB in
September 2008?