Singapore legislation

Section 72V

of Insolvency, Restructuring and Dissolution Act 2018

Section 72V

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 Restructuring Advisor;

(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 debt restructuring programme, or for making an objection to such an application; (d)the information and documents to be submitted by a company or an officer or a contributory of a company to the Official Receiver or a Restructuring Advisor relating to the company’s property, debts and other financial affairs;

(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 debt restructuring 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 72V — Insolvency, Restructuring and Dissolution Act 2018