THE SCHEDULE
Paragraph 6
Conditions
1.The relevant company must continue to meet the criteria for exemption that are accessible from the Internet website at https://www.sla.gov.sg.
2.The relevant company must inform the Controller of any material change within 7 business days after the relevant company becomes aware of such a change and for this purpose, a material change is any change that affects or may affect the relevant company’s ability to comply with any condition, including (but not limited to) the following:
(a)a change in the percentage level of the interest in the relevant company of any substantial shareholder (as defined in section 81 of the Companies Act (Cap. 50)) of the relevant company;
(b)a change in the nationality of the relevant company’s chairperson, or the nationality of any of its directors or substantial shareholders (as defined in section 81 of the Companies Act).
3.The relevant company must submit to the Authority a statutory declaration by 1 April of every year, using the format enclosed in the letter of approval dated 23 June 2021 addressed to the relevant company, along with the required documents for validation.
4.If the relevant company intends to retain any completed landed dwelling‑house in a development after completing the development, the relevant company must apply to and obtain the approval of the Minister for Law for such retention under section 25 of the Act.