Singapore legislation

Regulation 28

of Insolvency, Restructuring and Dissolution (Court-Ordered Winding Up) Regulations 2020

Regulation 28

Extension of time for submission of statement of affairs under section 141(3) of Act

Subregulation 1

The Official Receiver or the liquidator or the Court for special reasons may, upon the application of a person mentioned in section 141(2) of the Act, approve in writing or make an order granting (as the case may be) an extension of time for the person to submit a statement of affairs.

Subregulation 2

Where an extension of time is granted by the Official Receiver or the liquidator under paragraph (1), the applicant —

(a)

must file a copy of the approval in writing with the Court; and

(b)

is not required to apply to the Court for an extension of time to submit the statement of affairs.