Singapore legislation
Section 33
Section 33
Charitable companies
(1)
Where a charity may be wound up by the General Division of the High Court under the Insolvency, Restructuring and Dissolution Act 2018, an application for it to be wound up under that Act by the General Division of the High Court may be made by the Attorney‑General, as well as by any person authorised by that Act.
(2)
Where a charity is a company or other body corporate, and has power to alter the instruments establishing or regulating it as a body corporate, no exercise of that power which has the effect of the body corporate ceasing to be a charity is valid so as to affect the application of —
any property acquired under any disposition or agreement previously made otherwise than for full consideration in money or money’s worth;
any property representing property referred to in paragraph (a);
any property representing income which has accrued before the alteration is made; or
the income from any property referred to in paragraphs (a) to (c).[32