Clause 20

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, the licensed housing developer shall submit its business to the control of such company or statutory board and shall provide such company or statutory board with such facilities as the Controller may require to carry on the business of that licensed housing developer.

Any licensed housing developer which fails to comply with the provisions of subsection (1) of this section or with any requirement of the Controller thereunder shall be guilty of an offence under this Ordinance and shall be liable on conviction to a fine not exceeding twenty thousand dollars and to a further fine not exceeding one thousand dollars for every day during which the offence is continued after conviction.