Singapore legislation

Clause 70

of Securities and Futures Bill

Clause 70

Supplementary provisions as to default proceedings

(1)

A court may, on application by a relevant office holder, make an order to alter, or to release the relevant office holder from complying with, the functions of his office that are affected by default proceedings if default proceedings have been, could be, or could have been, taken.

(2)

The functions of the relevant office holder shall be construed subject to an order made under subsection (1).

(3)

Sections 45, 74 and 76 of the Bankruptcy Act (Cap. 20) and sections 210, 258, 260, 262(3), 299(1) and 309 of the Companies Act (Cap. 50) shall not prevent or interfere with any default proceedings.

Clause 70 — Securities and Futures Bill | laws.sg