Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 6 · Corporate Insolvency — Receivership
78. Power of Court to fix remuneration of receivers or managers
Feedback & supportThe Court may, on application of —
a company or corporation;
the liquidator of a company or corporation; or
the person who appointed the receiver or manager,by order fix the amount to be paid by way of remuneration to any person who has been appointed as receiver or manager of the property of the company or of the property in Singapore of the corporation.
The power of the Court, where no previous order has been made with respect to that matter —
extends to fixing the remuneration for any period before the making of the order or the application for the order;
is exercisable even though the receiver or manager has died or ceased to act before the making of the order or the application for the order; and
where the receiver or manager has been paid, or has retained for the remuneration of the receiver or manager, for any period before the making of the order, any amount in excess of that fixed for that period — extends to requiring the receiver or manager, or the personal representatives of the receiver or manager, to account for the excess or such part of the excess as may be specified in the order.
The power conferred by subsection (2)(c) must not be exercised in respect of any period before the making of the application for the order, unless in the opinion of the Court there are special circumstances making it proper for the power to be so exercised.
The Court may from time to time, on an application made by the receiver or manager, or any of the persons mentioned in subsection (1), vary or amend an order made under this section.