Clause 12

Where the Minister has at any time before or after the commencement of the Residential Property (Amendment) Act, 1982 —

granted his approval under section 16 or 17 to any foreign person to purchase, acquire or retain any estate or interest in any residential property; or

exempted, pursuant to section 22, any foreign person from all or any of the provisions of this Act; or

granted his approval under section 18 to any foreign person for a change of use of any immovable property owned by the foreign person,subject to any condition imposed by the Minister and the Minister is satisfied that such person has failed to comply with the condition, he may, by direction in writing, require the person named therein to dispose of his estate or interest in the residential property by transferring the same to any citizen or approved purchaser within a period of not less than six months of the date of service of such direction by the Minister.(2) A direction given by the Minister under subsection (1) shall be served on the Controller and the person named therein and the subsisting mortgagees and chargees (if any) of the residential property who appear as such on the records of the Registrar of Titles or the Registrar of Deeds, as the case may be.(3) Where a person who has been directed under subsection (1) to dispose of his estate or interest in any residential property fails to satisfy the Controller that he has transferred the same within the period specified in subsection (1) or within any further period extended by the Minister, the Minister may, by notice in writing, direct the Controller to attach and sell the residential property at any time after ninety days of the date of the service of the notice, and a copy of such notice shall be served on the owner of the residential property and the subsisting mortgagees or chargees (if any) who appear as such in the records of the Registrar of Titles or the Registrar of Deeds, as the case may be.(4) Subsections (8) to (10) of section 4 and subsection (1) and subsections (6) to (12) of section 5 shall apply, mutatis mutandis, to the disposal of any estate or interest in the residential property by the Controller in accordance with a direction in writing given by the Minister.”.