Strata Management Act 2013 · s 91

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91.	 (1) 	Upon the termination of a management agreement entered into under subsection 86(2), the managing agent shall—
(a)	 not more than one month from such termination, prepare and submit to the Commissioner the unaudited accounts of the maintenance account and the sinking fund account, and hand over to the Commissioner a complete list of the assets and liabilities of such maintenance account and sinking fund account and all records related to and necessary for the maintenance and management of the building or land; and
(b)	 not later than three months from such termination, submit to the Commissioner the audited accounts of the maintenance account and the sinking fund account.
(2)	 Any managing agent who fails to comply with subsection (1)
commits an offence and shall, on conviction, be liable to a fine not exceeding two hundred and fifty thousand ringgit or to imprisonment for a term not exceeding three years or to both.
(3) 	In the event of the termination of the management agreement, the Commissioner may appoint another managing agent to maintain and manage the building or land for a period to be specified by the Commissioner.

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s 91

(1)

Upon the termination of a management agreement entered into under subsection 86(2), the managing agent shall—

(a)

not more than one month from such termination, prepare and submit to the Commissioner the unaudited accounts of the maintenance account and the sinking fund account, and hand over to the Commissioner a complete list of the assets and liabilities of such maintenance account and sinking fund account and all records related to and necessary for the maintenance and management of the building or land; and

(b)

not later than three months from such termination, submit to the Commissioner the audited accounts of the maintenance account and the sinking fund account.

(2)

Any managing agent who fails to comply with subsection (1)

commits an offence and shall, on conviction, be liable to a fine not exceeding two hundred and fifty thousand ringgit or to imprisonment for a term not exceeding three years or to both.

(3)

In the event of the termination of the management agreement, the Commissioner may appoint another managing agent to maintain and manage the building or land for a period to be specified by the Commissioner.