In forceAmended2020 Revised Edition

Contents

Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 10A · Simplified Winding Up

250A. Interpretation of this Part

Amended

Last amended by an amending law of 2025. 2 amendments in all.

In this Part, unless the context otherwise requires —“company” means any corporation liable to be wound up under Parts 8 and 9, but excludes such company or class of companies as the Minister may by order in the Gazette prescribe;“designated website” means the Internet website prescribed by regulations made under section 250R for the purpose of publishing notices to creditors and other persons under this Part;[Deleted by Act 3 of 2025 wef 29/01/2026]“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;“simplified winding up programme” means the programme established under section 250C.

“company” means any corporation liable to be wound up under Parts 8 and 9, but excludes such company or class of companies as the Minister may by order in the Gazette prescribe;

“designated website” means the Internet website prescribed by regulations made under section 250R for the purpose of publishing notices to creditors and other persons under this Part;

“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;

“simplified winding up programme” means the programme established under section 250C.