Section 7

within four weeks of the making of any alterations in or to any documents submitted to the Controller under subsection 5(3)

furnish to the Controller written particulars of the alterations;

exhibit at all times in a conspicuous position in any office and branch office of the licensed housing developer and at any other place where a sale of housing accommodation is conducted, a copy of his licence, advertisement and sale permit and a copy of his last audited balance-sheet as soon as the same is available and such information as the present or former full name, usual residential address, nationality, nationality of origin (where the present nationality is not that of origin), business or occupation (if any) of each person who has the control and management of the business of the licensed housing developer and particulars of any other directorship held by that person;

keep or cause to be kept in his office in Peninsular Malaysia such accounting and other records as will sufficiently explain the transactions and the financial position of the licensed housing developer and enable true and fair profit and loss accounts and balance-sheets and any documents required to be attached thereto to be prepared from time to time, shall cause these records to be kept in such manner as to enable them to be conveniently and properly audited;

every year appoint an auditor in the manner required under section 9;

within six months after the close of the financial year of the licensed housing developer in question send to the Controller and also publish in the Gazette a copy of the report of the auditor prepared under section 9 together with a copy of his balance-sheet and profit and loss account;

not later than the 21st day of January and the 21st day of July of each year or at such frequency as may be determined by the

Controller from time to time or upon the request of the

Controller, send to the Controller a correct and complete statement in writing made on oath or affirmation, in such form and containing such information as the Controller may from

16 Laws of Malaysia ACT 118

time to time determine, on the progress of the housing development which the housing developer is engaged in, carries on or undertakes or causes to be undertaken until certificate of completion and compliance have been issued for all the housing accommodation in that housing development;

where he considers that he is likely to become unable to meet his obligations to the purchasers at any stage of the housing development before the issuance of the certificate of completion and compliance, forthwith inform the Controller of such fact;

undertake the following—

within twenty-one days from the date of receipt by the housing developer of the certificate of completion and compliance, submit such certificate to the Controller;

and

inform the Controller of any refusal in the issuance of certificate of completion and compliance;

ensure that the development of the housing accommodation has been carried out in accordance with any requirements prescribed under any law regulating buildings and has exercised all such diligence as may be required for the issuance of certificate of completion and compliance and for the issuance and transfer of the titles to the housing accommodation to the purchasers; and

inform the Controller of the progress in the issuance of separate or strata titles for the housing accommodation and the transfer of such titles to the purchasers at such frequency as may be determined by the Controller beginning from the date of the handing over of vacant possession to the first purchaser of the housing accommodation in the housing development

Housing Development (Control and Licensing) 17

until separate or strata titles for all the housing accommodation have been issued.

Licensed housing developer to open and maintain Housing