No disposal of property without Board’s permission
18. Where a member —
(a)
has withdrawn any moneys under these Regulations in respect of a property (including any moneys lent to him under section 14A of the Act in respect of the property and withdrawn by him which have not been repaid); or
(b)
is required under section 27C(1)(g), 27DA(1)(g), 27DB(2)(c) or 27E(1)(f) of the Act to pay any moneys to the Fund upon the sale or disposal of a property,
[S 693/2012 wef 01/01/2013]
[S 219/2021 wef 01/04/2021]
[S 269/2024 wef 31/12/2021]
as long as any such moneys remain payable to the Fund, the member shall not sell, transfer, assign or otherwise dispose of the property or any of his estate or interest therein without the prior written permission of the Board.