Singapore legislation
Section 250O
Section 250O
Winding up by Court of company
(1)
The Official Receiver, as the liquidator of a company that is being wound up voluntarily under the simplified winding up programme, may make an application under section 124(1)(e) for the company to be wound up under an order of the Court if the Official Receiver is satisfied —
on the basis of any information or document that is not known to or in the possession of the Official Receiver at the time of the acceptance of the company into the simplified winding up programme but that is made known to or available to the Official Receiver after the acceptance, that —
the company did not meet all the eligibility criteria mentioned in section 250F(2) at the time of the acceptance; or
any circumstance mentioned in section 250F(3) existed in relation to the company at the time of the acceptance; (b)that the company ceases to fulfil all of the eligibility criteria mentioned in section 250F(2);
that any circumstance mentioned in section 250F(3) has arisen after the company was accepted into the simplified winding up programme; or
that the acceptance of the company into the simplified winding up programme has been obtained on the basis of any false or misleading particulars, information or document submitted by the company to the Official Receiver.
(2)
To avoid doubt, subsection (1) does not affect the right of any person to make an application under section 124(1) for an order that a company that is being wound up voluntarily under the simplified winding up programme, be wound up under an order of the Court.
(3)
Section 124(2)(e) does not apply in relation to an application made by the Official Receiver or any other person for an order for the winding up of a company that is being wound up voluntarily under the simplified winding up programme.