SECOND SCHEDULE
Paragraph 3
1.  Sections 47, 48, 48B, 49, 52 and 56(1)(b), (j) and (l) of the Act shall not apply to the NTUC Income Insurance Co-operative Limited.
2.  For the avoidance of doubt, the exemptions in paragraph 1 shall not extend to any assignee or purchaser of any such flat from the NTUC Income Insurance Co-operative Limited.
[G.N. No. S 540/2008]