Singapore legislation

Section 250R

of Insolvency, Restructuring and Dissolution Act 2018

Section 250R

Regulations for this Part

Amended by39/202039/2020

(1)

The Minister may make regulations for the purposes of carrying into effect the objects of this Part.

Amended by39/2020

(2)

Without limiting subsection (1), the Minister may make regulations with respect to —

(a)

the qualifications, relevant experience, requirements, functions and duties applicable to a special manager;

(b)

the Internet website to be prescribed as the designated website;

(c)

the procedure and the information and documents to be submitted, for making an application to the Official Receiver to be accepted into the simplified winding up programme, or for making an objection to such an application;

(d)

the scale of fees to be charged by the Official Receiver in the winding up of a company accepted into the simplified winding up programme;

(e)

the waiver, refund or remission (whether in whole or in part) of the deposit payable by an applicant company before the company may be accepted into the simplified winding up programme;

(f)

all matters or things which by this Part are required or permitted to be prescribed otherwise than by Rules or which are necessary or expedient to be prescribed for giving effect to this Part; and (g)any saving and transitional provisions that may be necessary or expedient for any variation or expiry of the prescribed period or the expiry of this Part.

Amended by39/2020
Section 250R — Insolvency, Restructuring and Dissolution Act 2018