Singapore legislation

Regulation 2

of Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020

Regulation 2

Definitions

Amended byS 1039/2020 wef 02/01/2021S 195/2022 wef 01/04/2022

Subregulation 1

Amended byS 1039/2020 wef 02/01/2021S 195/2022 wef 01/04/2022

In these Rules, unless the context otherwise requires —

Definition

“committee of creditors” means a committee established under section 109 of the Act;

Definition

“committee of inspection” means a committee of inspection comprising or representing creditors and contributories appointed under section 151 of the Act or a committee of inspection appointed under section 169 of the Act;

Definition

“Court” includes the Registrar when exercising the powers of the General Division of the High Court under the Act or these Rules;

Amended byS 1039/2020 wef 02/01/2021

Definition

“Court-Ordered Winding Up Regulations” means the Insolvency, Restructuring and Dissolution (Court-Ordered Winding Up) Regulations 2020 (G.N. No. S 607/2020);

Definition

“filed” means filed in the Court;

Definition

“Form” means a form set out in the First Schedule, and a form referred to by a number (where such number may include alphanumeric characters) means the form so numbered in that Schedule;

Definition

“gazetted” means published in the Gazette;

Definition

“Judicial Management Regulations” means the Insolvency, Restructuring and Dissolution (Judicial Management) Regulations 2020 (G.N. No. S 606/2020);

Definition

“judicial manager” has the meaning given by section 88(1) of the Act;

Definition

“liquidator” includes a provisional liquidator;

Definition

“Registry” means the Registry of the Supreme Court;

Definition

“regulations” means —

(a)

the Insolvency, Restructuring and Dissolution (Proofs of Debt in Schemes of Arrangement) Regulations 2020 (G.N. No. S 604/2020);

(b)

the Insolvency, Restructuring and Dissolution (Receivership) Regulations 2020 (G.N. No. S 605/2020);

(c)

the Judicial Management Regulations;

(d)

the Court‑Ordered Winding Up Regulations; (e)the Voluntary Winding Up Regulations; and

(f)

the Insolvency, Restructuring and Dissolution (Assignments of Proceeds of an Action) Regulations 2020 (G.N. No. S 611/2020);

Definition

“Rules of Court” means the Rules of Court 2021 (G.N. No. S 914/2021) for the time being in force;

Amended byS 195/2022 wef 01/04/2022

Definition

“scheme manager” and “scheme of arrangement” have the meanings given by section 61(1) of the Act;

Definition

“sealed” means sealed with the seal of the Court;

Definition

“Voluntary Winding Up Regulations” means the Insolvency, Restructuring and Dissolution (Voluntary Winding Up) Regulations 2020 (G.N. No. S 608/2020);

Definition

“working day” means any day other than a Saturday, Sunday or public holiday.

Subregulation 2

In these Rules —

(a)

any reference to Part 3 of the Act is a reference to only those provisions in —

(i)

Division 1 of that Part concerning the Official Receiver; and

(ii)

Division 3 of that Part; and

(b)

any reference to Part 22 of the Act is a reference to that Part only in the case of a debtor that is a corporation.

Subregulation 3

Where an act is required in these Rules to be done a specified number of clear working days before or after a specified date, at least that number of working days must intervene between the day on which the act is done and that date.