Singapore legislation

Clause 50

of Insolvency, Restructuring and Dissolution Bill

Clause 50

Eligibility of individual to hold insolvency practitioner’s licence

(1)

An individual is not eligible to be granted, or to hold or continue to hold, an insolvency practitioner’s licence unless the individual is a qualified person.

(2)

In this section, “qualified person” means any person who —

(a)

is a solicitor;

(b)

is a public accountant;

(c)

is a chartered accountant within the meaning given by section 2(1) of the Singapore Accountancy Commission Act (Cap. 294B); or

(d)

possesses such other qualifications as the Minister may prescribe by order in the Gazette.

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