Section 25
Dissolution of joint management body
of Strata Management Ordinance, 2019
—
A joint management body shall dissolve three months from the date of the first annual general meeting of the management corporation for the development.
(2)
The joint management body shall, not more than one month from the date of the first annual general meeting of the management corporation—
(a)
transfer all balances of monies in the maintenance account and in the sinking fund account, after payment of all expenditures which have been properly charged to the accounts, to the management corporation;
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(b)
hand over to the management corporation—
(i)
any by-laws;
(ii)
the audited accounts of the maintenance account and the sinking fund account or, if such accounts have not been audited, the unaudited accounts;
(iii)
all the assets and liabilities of the joint management body;
(iv)
all the documents delivered by the developer to the joint management body under section 14(3);
(v)
all records relating to the subdivision of the building or land into parcels and common property; and
(vi)
all records relating to and necessary for the management and maintenance of the building or land intended to be subdivided into parcels and common property.
(3)
If only unaudited accounts have been handed over under subsection (2)(b)(ii), the joint management body shall hand over to the management corporation the audited accounts of the joint management body not more than three months from the date of the first annual general meeting of the management corporation.
(4)
If the joint management body fails to comply with subsection (2) or (3), every member of the joint management committee shall be guilty of an offence and shall, upon conviction, be punished with a fine not exceeding two hundred and fifty thousand ringgit or imprisonment for a term not exceeding three years or to both.
(5)
In proceedings against the member of the joint management committee for an offence under subsection (4), it is a defence if the member proves that—
(a)
the offence was committed without his knowledge, consent or connivance; and
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(b)
he had taken all reasonable precautions and had exercised due diligence to prevent the commission of the offence.