Singapore legislation

Section 82

of Insolvency, Restructuring and Dissolution Act 2018

Section 82

Statement that receiver or manager is appointed

(1)

Where a receiver or manager of the property of a company, or of the property in Singapore of a corporation, has been appointed —

(a)

every invoice, order for goods, business letter, order form or other correspondence (whether in hard copy, electronic or any other form) issued by or on behalf of the company or corporation, the receiver or manager, or the liquidator of the company or corporation, being a document on or in which the name of the company or corporation appears; and

(b)

every Internet website of the company or corporation on or in which the name of the company or corporation appears,must state, immediately after the name of the company or corporation where it first appears in that document or Internet website, that a receiver or manager has been appointed.

(2)

If there is any default in complying with this section, each of the following shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 and also to a default penalty:

(a)

the company or corporation;

(b)

each of the following persons who knowingly and wilfully authorises or permits the default:

(i)

an officer of the company or corporation;

(ii)

a liquidator of the company or corporation;

(iii)

a receiver or manager of the property of the company, or of the property in Singapore of the corporation.