Singapore legislation
Section 250M
Section 250M
Special managers
(1)
The Official Receiver may appoint a qualified person to act as a special manager for the liquidation of a company that is being wound up voluntarily under the simplified winding up programme during such period as the Official Receiver specifies, with such powers (including any of the powers of a receiver or manager) as are entrusted to the special manager by the Official Receiver.
(2)
The special manager is to receive such remuneration as the Official Receiver may determine.
(3)
In this section, “qualified person” means any person who —
is a public accountant;
is a chartered accountant within the meaning given by section 2(1) of the Singapore Accountancy Commission Act 2013; or
possesses any other qualification or any relevant experience as the Minister may prescribe by regulations made under section 250R.