1) A proprietor is required to establish a maintenance fund before MCST constitution a) True b) False 2) For units that are handed over at TOP, proprietor cannot collect maintainence charges from SPs until 4 weeks after the charges are due a) True b) False 3) Proprietor is given a deferment period of 4 weeks after the date the TOP is issued to pay the maintenance charges Or from the date the Maintenance Fund is established, whichever is later for both unsold units and units not handed over. a) True b) False 4) Proprietor is responsible to deposit maintenance fund with a licensed bank and to keep proper books of accounts for payments and receipts. a) True b) False

True or False?

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