Singapore legislation

Section 81D

of Securities and Futures Act 2001

Section 81D

Supplementary provisions as to default proceedings

Amended by34/201234/201240/2018

(1)

A court may, on the application of a relevant office holder, make an order to alter, or to release the relevant office holder from complying with, the functions of his or her office that are affected by default proceedings, if default proceedings have been, could be, or could have been, taken.

Amended by34/2012

(2)

The functions of the relevant office holder are to be construed subject to an order made under subsection (1).

Amended by34/2012

(3)

Section 210 of the Companies Act 1967 and sections 71, 129, 130(2), 133(1), 170(1), 187, 276, 325 and 327 of the Insolvency, Restructuring and Dissolution Act 2018 do not prevent, or interfere with, any default proceedings.

Amended by40/2018