Malaysia legislation
Section 7
of Housing Developers (Control And Licensing) Ordinance, 1993
Section 7
(a)
the applicant has an issued and paid-up capital, and has made a deposit, of such amount as may be prescribed in the regulations made under this Ordinance;
(b)
the applicant has not been convicted of an offence involving fraud or dishonesty;
(c)
the applicant is not a bankrupt;
(d)
the housing development plan to which this Ordinance applies has been approved by the State Planning Authority under
Part X of the Land Code [Cap.81 (1958 Ed.)];
(e)
at the time the application is made, the applicant has not been involved in or associated with any abandoned housing development which has been declared abandoned by the Minister under section 27(2) or has not, during his involvement in any housing development, failed to fulfill his obligations under a sale and purchase agreement for any housing development; or
(f)
the applicant has not been convicted of any offence under this Ordinance.
(2)
For the purposes of this section, the expression ‘applicant’
shall include a company as defined in the Companies Act 1965 [Act 125], a body of persons or a firm, its director, manager or officers thereof.
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(3)
The Minister may waive any or all of the conditions set out in subsection (1)(a), (c), (e) and (f) or substitute the said conditions with other conditions as he may deem fit and proper.
Controller to forfeit deposit