Section 14A
of Land Subsidiary Title Enactment 1972
Section 14A
(1)
Notwithstanding any other provisions of this Enactment, the management corporation shall not, during the initial period —
(a)
amend, add to or repeal its by-laws in such a manner that a right is conferred or an obligation is imposed on one or more but not all owners or in respect of one or more but not all owners;
(b)
borrow any money or give any security; or
(c)
enter into any maintenance or service contract for any period extending beyond the expiration of the initial period.
(2)
Without prejudice to any other remedy available against the original owner, if a management corporation contravenes subsection (1), the original owner shall be liable for any loss suffered by the management corporation or any parcel owner as a result of the contravention and the management corporation or any parcel owner may recover from the original owner as damages for breach of statutory duty, any loss suffered by it or him in consequence of such contravention.
Obligation of original owner to hold first annual general meeting.