—(1) Subject to sub-paragraphs (2) and (3), a management corporation —
constituted by no more than 2 subsidiary proprietors;
constituted by 3 subsidiary proprietors for a strata title plan with 4 lots;
for a strata title plan with no more than 3 lots; or
constituted by any number of subsidiary proprietors who are joint subsidiary proprietors of all the lots in the strata title plan,
(2) The exemption shall have effect from the date of the resolution.
(3) If —
the resolution is revoked; or
the management corporation ceases to come within any of the descriptions in sub-paragraph (1)(a), (b), (c) and (d),
the exemption shall cease to have effect on the expiry of the period of 6 months from the date of such revocation or cessation, as the case may be.
[G.N. No. S 645/2006]