21. Duty of developer in respect of charges for building completed before commencement of this Part

Any developer of a development area which has been completed before or on the commencement of this Act but for which a management corporation has not been established shall, not later than six months following the commencement of this Act submit to the Commissioner an account audited by a professional auditor of all moneys collected and expended for the purposes of maintenance and management of the common property and sinking fund, if any, prior to the commencement of this Act.

The Commissioner may, upon request by the developer of a development area, extend the period stated in subsection (1)

Any person who contravenes this section commits an offence and shall, on conviction, be liable to a fine of not less than ten thousand ringgit but not more than one hundred thousand ringgit or to imprisonment for a term not exceeding one year or to both.