Section 16
of Strata Management Ordinance, 2019
Section 16
—
A joint management body shall be established upon the convening of the first annual general meeting of that joint management body—
(a)
if occupation permit of a building on the development was issued before the commencement of this
33
Ordinance, not later than twelve months from the commencement of this Ordinance; or
(b)
if occupation permit of a building on the development is issued after the commencement of this
Ordinance, not later than twelve months from the date of first delivery of vacant possession of a parcel to a purchaser.
(2)
The joint management body established by subsection
(1)
shall be a body corporate having perpetual succession and a common seal.
(3)
The joint management body may sue and be sued in its name.
(4)
The joint management body shall comprise the developer and the purchasers.
(5)
If the management corporation comes into existence before the first annual general meeting of the joint management body specified in subsection (1) is convened—
(a)
the first annual general meeting shall not be required to be convened and no joint management body shall be established for that development; and
(b)
the provisions in Part V shall apply to the development.