Singapore legislation

Clause 9

of Housing Developers (Control and Licensing) Ordinance

Clause 9

Exhibition of audited balance-sheet

(1)

Every licensed housing developer shall —

(a)

exhibit throughout the year in a conspicuous position in every office and branch office in Singapore —

(i)

a copy of its last audited balance-sheet as soon as such balance-sheet is available;

(ii)

the present full name, any former full name, usual residential address, nationality, and if that nationality is not the nationality of origin, the nationality of origin, business or occupation, if any, and particulars of any other directorship of each person who has the control and management of the business;

(b)

within three months after the close of its financial year —

(i)

forward to the Controller; and

(ii)

publish in the Gazette,a copy of the last audited balance-sheet and profit and loss account.

(2)

Any licensed housing developer which fails to comply with any of the provisions of subsection (1) of this section shall be guilty of an offence under this Ordinance and shall be liable on conviction to a fine not exceeding ten thousand dollars.