Section 25

Upon receipt of a notification under subsection (1) in the form as may be determined by the Director and a copy of the comprehensive resolution together with a certificate signed by the

Commissioner certifying the receipt of the same filed with him by management corporation, the Superintendant shall direct the

Registrar to make necessary entry in the Register and the subsidiary register.

Upon such entry by

Registrar, the subsidiary management corporation shall cease to exist.

Pre-existing charges