Singapore legislation

Clause 468

of Insolvency, Restructuring and Dissolution Bill

Clause 468

Amendment of Deposit Insurance and Policy Owners’ Protection Schemes Act

The Deposit Insurance and Policy Owners’ Protection Schemes Act (Cap. 77B, 2012 Ed.) is amended —

(a)

by deleting the definition of “liquidator” in section 2(1) and substituting the following definition:“ “liquidator” has the meaning given by section 2(1) of the Insolvency, Restructuring and Dissolution Act 2018;”;

(b)

by deleting the words “Companies Act (Cap. 50)” in paragraph (a)(i) of the definition of “quantification date” in section 2(1) and substituting the words “Insolvency, Restructuring and Dissolution Act 2018”;

(c)

by deleting the words “Companies Act” in paragraphs (a)(iii), (iv) and (vi) and (b)(i), (iii), (iv) and (vi) of the definition of “quantification date” in section 2(1) and substituting in each case the words “Insolvency, Restructuring and Dissolution Act 2018”;

(d)

by deleting the words “Companies Act” in section 21(1)(aa) and substituting the words “Insolvency, Restructuring and Dissolution Act 2018”;

(e)

by deleting the words “Companies Act” in section 27(5) and substituting the words “Insolvency, Restructuring and Dissolution Act 2018”;

(f)

by deleting the words “Section 322(3), (6), (7), (8) and (9) of the Companies Act (Cap. 50)” in sections 28(5) and 53(5) and substituting in each case the words “Section 197(4), (7), (8), (9) and (10) of the Insolvency, Restructuring and Dissolution Act 2018”;

(g)

by deleting the words “Companies Act” in section 28A(1)(a) and substituting the words “Insolvency, Restructuring and Dissolution Act 2018”;

(h)

by deleting the words “Companies Act” in section 46(1)(b) and substituting the words “Insolvency, Restructuring and Dissolution Act 2018”;

(i)

by deleting the words “Companies Act” in section 52(5) and substituting the words “Insolvency, Restructuring and Dissolution Act 2018”; and

(j)

by deleting the words “Companies Act” in section 54A(1)(a) and substituting the words “Insolvency, Restructuring and Dissolution Act 2018”.

Read in full context — Insolvency, Restructuring and Dissolution Bill →