Singapore legislation
Regulation 64
of Insolvency, Restructuring and Dissolution (Corporate Insolvency and Restructuring) Rules 2020
Regulation 64
Deposit to Official Receiver
Subregulation 1
Before filing a winding up application in respect of a company, the applicant must make payment of the prescribed sum to the Official Receiver.
Subregulation 2
The prescribed sum mentioned in paragraph (1) must be repaid to the applicant after deducting the amount required for the payment of the fees and expenses of the Official Receiver and the liquidator of the company (if not the Official Receiver) due to insufficiency of the assets of the company for such payment.
Subregulation 3
For the purposes of paragraphs (1) and (2), the prescribed sum is an amount equal to the sum of —
the preliminary administration fee specified in the second column of item (1) of the Schedule to the Fees (Winding up and Dissolution of Companies and Other Bodies) Order 2005 (G.N. No. S 58/2005); and
the administration fee specified in the second column of item (2) of the Schedule to the Fees (Winding up and Dissolution of Companies and Other Bodies) Order 2005.
Subregulation 4
Where a winding up application has been filed, the Official Receiver may, from time to time, require the applicant to deposit with the Official Receiver any further sums as may be required by the Official Receiver (whether before or after the making of the winding up order on the winding up application) to cover the fees and expenses incurred by the Official Receiver in connection with the application.