Singapore legislation

Section 53

of Insolvency, Restructuring and Dissolution Act 2018

Section 53

Form and validity of licence

(1)

A licence must —

(a)

be in such form as the licensing officer may determine; and

(b)

contain the conditions subject to which it is granted.

(2)

A licence is to remain in force until 30 June in the third year following the year in which the licence was granted.

(3)

A licence that is renewed continues in force for a further period of 3 years, starting on the date immediately following that on which the licence would (but for its renewal) have expired.

Section 53 — Insolvency, Restructuring and Dissolution Act 2018