Singapore legislation
Section 27A
Section 27A
Meaning and effect of railway administration orders
(1)
A railway administration order is an order of the Minister made in accordance with section 27B in relation to a licensee that is a company and directing that, during the period for which the order is in force, the affairs, business and property of the licensee must be managed by a person appointed by the Minister —
for the achievement of all or any of the purposes of the order; and
in a manner which protects the respective interests of the members, creditors and customers of the licensee.
(2)
A railway administration order made in relation to any licensee that is a company must be for any of the following purposes:
the safety, security and continuity of the supply of railway passenger services and facilities relating to the rapid transit system specified in its licence;
the survival of the company, or the whole or part of its undertaking as a going concern;
the transfer to another person, or (as respects different parts of its undertaking) to 2 or more different persons, as a going concern, of so much of the company’s undertaking as it is necessary to transfer in order to ensure that the functions which have been vested in the company by virtue of its licence may be properly carried out;
the carrying out of those functions pending the making of the transfer of those functions in the other person or persons, including but not limited to —
requiring the company immediately to take any action or to do or not to do any act or thing in relation to its business as the Minister may consider necessary; and
appointing a person to advise the company in the proper conduct of its business.
(3)
The Minister may at any time (whether or not the appointment of the person has terminated) fix the remuneration and expenses to be paid by a company which is a licensee to any person appointed by the Minister under a railway administration order to advise the company in the proper conduct of its business.
(4)
The Minister may, by rules in the Gazette, give effect to this Part, including making provision for applying, omitting or modifying provisions of the Insolvency, Restructuring and Dissolution Act 2018 where a railway administration order is made.