Singapore legislation
Clause 26
of Insolvency, Restructuring and Dissolution (Amendment) Bill
Clause 26
Amendment of section 250A
In the principal Act, in section 250A, replace the definition of “prescribed period” with —“ “requirements for entry”, in relation to a company, means the following:
(a)
the company meets all the eligibility criteria in section 250F(2);
(b)
there is no circumstance in section 250F(3) which makes the company unsuitable for entry into the simplified winding up programme;”.