Singapore legislation

Regulation 3

of Insolvency, Restructuring and Dissolution (Electronic Meeting and Resolution by Correspondence) Regulations 2020

Regulation 3

Meetings under section 445 of Act where no place specified

Subregulation 1

This regulation applies where a convener proposing to call a meeting mentioned in section 445(1) of the Act —

(a)

forms the opinion mentioned in section 445(6)(b) of the Act that it is unnecessary or inexpedient to specify a place for a meeting which —

(i)

is to be conducted and held in the manner mentioned in section 445(2) of the Act; and

(ii)

will be attended by persons who will not be present together at the same place; and

(b)

proposes to call the meeting without specifying a place for the meeting (called in this regulation and regulations 4 and 5 the proposed virtual meeting).

Subregulation 2

The convener must summon, call or convene the proposed virtual meeting by delivering, at least 7 days earlier than the notice period applicable to that meeting —

(a)

the notice required to summon, call or convene the meeting to every person who is entitled to receive notice of the meeting; and

(b)

a notice containing the following information:

(i)

any necessary information as to how to attend the meeting remotely including any telephone number, access code or password required;

(ii)

a statement that creditors or contributories who meet the threshold in section 445(8)(c)(i) of the Act or members who meet the threshold in section 445(8)(c)(ii) of the Act, may no later than 5 days after the date of the notice, require the convener to specify a place for the meeting.

Read in full context — Insolvency, Restructuring and Dissolution (Electronic Meeting and Resolution by Correspondence) Regulations 2020 →