Housing Development (Control and Licensing) Act 1966 · Updated to 2 Mar 2016 · Part V · Powers of Minister
Section 15
Feedback & supportWithout prejudice to anything contained in any written law relating to companies, cooperative societies, societies and partnerships, any person who acts or holds office of a director, manager or secretary of a licensed housing developer or a similar office or position shall cease to hold that office or position—
licensed housing developer
“licensed housing developer” means any housing developer licensed under section 5 to engage in or carry on or undertake a housing development and includes the holder of any power of attorney of such housing developer duly created under the Powers of Attorney Act 1949;
if he becomes bankrupt or suspends payment or compounds with his creditors; or
if he is convicted of an offence involving dishonesty or fraud.
No person who has been a director of, or been directly concerned in the management of, the business of a licensed housing developer which has been wound up by a court shall, without the approval in writing of the
Minister, act or continue to act as a director of, or be directly concerned in, the management of the business of any licensed housing developer.