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MinLaw to curb number of owners a proxy can represent at meetings on enbloc sales

Singapore

THE Ministry of Law (MinLaw) will restrict the number of owners that a proxy can represent at general meetings for en bloc sales, starting next year, to "minimise the risk of proxy abuse".

MinLaw will do so by amending the Second Schedule of the Land Titles (Strata) Act (LTSA), it said in a statement on Tuesday.

At present, under the LTSA, an owner of a strata-titled property may appoint a proxy to attend general meetings for en bloc sales and vote on proposals or the election of collective-sale committee members on his or her behalf - but there is now no limit to the number of owners a proxy may represent.

The Second Schedule of the LTSA will be amended to set a cap for proxy holders at...

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