On 20/06/2013,
you requested for the version in force on 20/06/2013
incorporating all amendments published on or before 20/06/2013.
The closest version currently available is that of 18/04/2013.
5. No application by a housing developer for a licence shall be granted under section 4(4), in the case of a housing developer that —
(a)
is a company, if its capital issued and paid up in cash is less than $100,000;
(b)
consists of any person or group of persons, partnership, society or limited liability partnership, without a deposit of $100,000 in such form as may be determined by the Minister;
[17/2005 wef 15/07/2005]
[37/2008 wef 04/05/2009]
(c)
has an undischarged bankrupt in the case of —
(i)
a company, as director, manager or secretary or in a position analogous to that of a director, manager or secretary;
(ii)
a society, as president, secretary or treasurer or in a position analogous to that of president, secretary or treasurer;
(iii)
a partnership, as partner; or
(iv)
a limited liability partnership, as manager or in a position analogous to that of manager; or
(d)
consists of a person or group of persons, if the person or any person in the group of persons is an undischarged bankrupt:
Provided that the Minister may in his discretion waive all or any of the conditions set out in paragraph (a) or (b) or substitute for all or any of those conditions such other conditions as he may consider fit.