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.