Housing Developers (Control and Licensing) Act · s 22

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22.
Individuals not eligible to take part in management of business of licensed housing developer
(1) Without prejudice to anything in any written law relating to companies, co-operative societies, societies or partnerships, any person who is a director, manager, secretary or partner of a licensed housing developer or who holds a position similar to that of a director, manager, secretary or partner shall cease to hold office —

Housing Developers
(Control and Licensing)
(a) if he enters into any composition or scheme of arrangement with his creditors or has a receiving order or an adjudication order made against him; or
(b) if he is convicted of any offence involving fraud or dishonesty.
(2) No person who has been a director of, or directly concerned in the management of, the business of a licensed housing developer carried on by a body corporate that has been wound up by the Court shall, without the approval in writing of the Minister, act or continue to act as a director of, or be directly concerned in, the management of the business of any other licensed housing developer.
(3) Any person who acts in contravention of subsection (1) or (2) is guilty of an offence and liable on conviction to a fine not exceeding $10,000, imprisonment for a term not exceeding 3 years or both.

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s 22Individuals not eligible to take part in management of business of licensed housing developer

(1)

Without prejudice to anything in any written law relating to companies, co-operative societies, societies or partnerships, any person who is a director, manager, secretary or partner of a licensed housing developer or who holds a position similar to that of a director, manager, secretary or partner shall cease to hold office —

Housing Developers

(Control and Licensing)

(a)

if he enters into any composition or scheme of arrangement with his creditors or has a receiving order or an adjudication order made against him; or

(b)

if he is convicted of any offence involving fraud or dishonesty.

(2)

No person who has been a director of, or directly concerned in the management of, the business of a licensed housing developer carried on by a body corporate that has been wound up by the Court shall, without the approval in writing of the Minister, act or continue to act as a director of, or be directly concerned in, the management of the business of any other licensed housing developer.

(3)

Any person who acts in contravention of subsection (1) or (2) is guilty of an offence and liable on conviction to a fine not exceeding $10,000, imprisonment for a term not exceeding 3 years or both.