Singapore legislation
Clause 46
Clause 46
Nominee
(1)
Every debtor making a proposal for the purpose of this Part shall in such proposal appoint a nominee to act in relation to the voluntary arrangement either as trustee or otherwise for the purpose of supervising its implementation.
(2)
No person shall be appointed as a nominee unless he is —
(a)
registered as a public accountant under the Accountants Act [Cap. 2A];
(b)
an advocate and solicitor; or
(c)
such other person as the Minister may, by order published in the Gazette, prescribe.