Section 15 — Act 663

(2)

The Body shall—

(a)

not later than one month from the date of the first meeting of the management corporation, hand over to the management corporation—

(i)

the house rules;

(ii)

the audited accounts of the Building Maintenance

Fund or, if such accounts have not been audited, the unaudited accounts;

(iii)

all the assets and liabilities of the Body; and

(iv)

records related to and necessary for the maintenance of the building and its common property; and

Building and Common Property

(Maintenance and Management)

(b)

if only unaudited accounts have been handed over under subparagraph (a)(ii); not later than three months from the date of the first meeting of the management corporation, hand over to the management corporation the audited accounts of the Body.

(3)

If the Body fails to comply with this section, every member of the Body commits an offence and shall, on conviction, be liable to a fine not exceeding ten thousand ringgit and shall also be liable to a further fine not exceeding one thousand ringgit for every day during which the offence is continued after conviction.

(4)

Where an offence under this section has been committed by the Body, every member of the Body shall be deemed to have also committed that offence unless, having regard to all the circumstances, he proves—

(a)

that the offence was committed without his knowledge, consent or connivance; and

(b)

that he had taken all reasonable precautions and had exercised due diligence to prevent the commission of the offence.