Regulation 2
Exemption from need for approval to become converted entity
of Residential Property (OKP Holdings Limited — Exemption) Notification 2021
Subsidiary LegislationIn forceProvision 2 of 6
Regulation 2
Section 9 of the Act does not apply to OKP Holdings Limited, in relation to any residential property that —
(a)
is not non‑restricted residential property;
(b)
is vested in OKP Holdings Limited immediately before its conversion into a converted entity before, on or after 5 March 2021; and
(c)
is intended for the purposes of development as residential property and with the ultimate purpose of sale or disposal by OKP Holdings Limited as residential property for profit, after its conversion into a converted entity.