Clause 19

Where a company or statutory board has assumed control of the business of a licensed housing developer in pursuance of paragraph (c) of subsection (2) of section 18 of this Ordinance, such company or statutory board shall, subject to the provisions of subsection (2) of this section, remain in control of and continue to carry on the business of the licensed housing developer for such time as the Minister may by order in writing direct.

Where a company or statutory board has assumed control of the business of a licensed housing developer in pursuance of paragraph (c) of subsection (2) of section 18 of this Ordinance or ceases to control the business of a licensed housing developer in pursuance of this section, the Controller shall notify that fact in the Gazette.