Singapore legislation

Clause 517

of Insolvency, Restructuring and Dissolution Bill

Clause 517

Amendment of Telecommunications Act

The Telecommunications Act (Cap. 323, 2000 Ed.) is amended —

(a)

by deleting the words “Part VIIIA of the Companies Act (Cap. 50)” in section 32I(3)(b) and substituting the words “Part 7 of the Insolvency, Restructuring and Dissolution Act 2018”;

(b)

by deleting the words “or 211I of the Companies Act (Cap. 50)” in sections 32J(3)(a) and 32L(1)(b) and substituting in each case the words “of the Companies Act or section 71 of the Insolvency, Restructuring and Dissolution Act 2018”;

(c)

by deleting the words “Companies Act” in sections 32J(3)(b) and (c) and 32L(1)(c) and (2)(b) and (c) and substituting in each case the words “Insolvency, Restructuring and Dissolution Act 2018”;

(d)

by deleting the word “or” at the end of paragraph (b) of section 32J(3), and by inserting immediately thereafter the following paragraph:“(ba)any meeting convened under section 94(7) of the Insolvency, Restructuring and Dissolution Act 2018 in relation to the specified telecommunication licensee; or”;

(e)

by deleting the words “section 254(2) of the Companies Act” in section 32J(6) and substituting the words “section 125(2) of the Insolvency, Restructuring and Dissolution Act 2018”;

(f)

by inserting, immediately after paragraph (c) of section 32L(1), the following paragraph:“(ca)a specified telecommunication licensee must not appoint an interim judicial manager under section 94(3) of the Insolvency, Restructuring and Dissolution Act 2018, unless that licensee has served 14 days’ notice in writing of that licensee’s intention to make the appointment on the Authority;”;

(g)

by deleting the words “or 211I of the Companies Act” in section 32L(2)(a) and substituting the words “of the Companies Act or section 71 of the Insolvency, Restructuring and Dissolution Act 2018”; and

(h)

by deleting the word “and” at the end of paragraph (b) of section 32L(2), and by inserting immediately thereafter the following paragraph:“(ba)any meeting convened under section 94(7) of the Insolvency, Restructuring and Dissolution Act 2018 in relation to a specified telecommunication licensee; and”.