Overview of RERA Circular on Mollak System

 

Sharing below detailed insights on this circular from an auditor’s lens. Further to the recent RERA circular when reviewing budgets of the JOPs, as auditors we are likely to be looking more closely at the following:

 

– Whether meeting minutes and decisions were approved through Mollak.

 

– Alignment between committee decisions, budgets, and actual expenditures.

 

– Proper documentation of approvals and voting outcomes within the system.

 

For those involved in budget reviews and financial audits of JOPs, this framework would make it easier to verify governance processes and ensure that committee decisions reflected in the financial records are properly approved and documented. We believe this move indicates a positive step toward stronger transparency and auditability in the JOP sector. 

 

Email [email protected] and our team will be well poised to support your RERA audit related requirements.