Singapore legislation
Section 250H
Section 250H
Direction by Minister
(1)
Despite anything in sections 250F and 250G(1), the Minister may direct the Official Receiver —
to send and publish in accordance with section 250G(1)(a) and (b) the notice of application of an applicant company for acceptance into the simplified winding up programme even though the eligibility requirement mentioned in section 250G(2) in respect of the applicant company is not met; or (b)to accept, subject to section 250I(2), any applicant company into the simplified winding up programme even though any of the requirements in section 250F(1)(a) or (b) in respect of the applicant company are not met.
(2)
Where the Minister directs the Official Receiver to accept any applicant company into the simplified winding up programme under subsection (1)(b), the Minister may also waive or remit (in whole or in part) the deposit payable by the applicant company under section 250I.
(3)
In this section, any reference to the Minister includes a reference to any of the following persons designated by the Minister to exercise the power under subsection (1) or (2):
a Second Minister, Minister of State or Senior Minister of State for the Ministry of Law;
a Parliamentary Secretary or Senior Parliamentary Secretary to the Ministry of Law.