Section 47 — Notice for adjustment

(1)If no notice of objection is served in accordance with section 46, A, B or B’s assignee (as the case may be) may, within 2 weeks after the period in section 46(1)(a)(i), lodge a notice for adjustment with the adjustment relief Registrar for the purpose of adjusting the rights and obligations of the parties and their assignees in accordance with Part 4 of the Second Schedule (or on a just and fair basis).

(2)The notice for adjustment must be served by the person lodging that notice with the adjustment relief Registrar, on A and all the persons in section 45(2) (but not on the person lodging that notice with the adjustment relief Registrar) —

(a)within the period in subsection (1); and

(b)within the service period for that notice.[Act 37 of 2020 wef 14/01/2021]