Singapore legislation

Regulation 16

of Insolvency, Restructuring and Dissolution (Filing, Lodgment and Submission of Documents) Regulations 2020

Regulation 16

Requirement to use electronic transaction system

Amended byS 956/2024 wef 31/12/2021

Subregulation 1

Amended byS 956/2024 wef 31/12/2021

Except as provided in paragraph (2) or as the Registrar of Companies otherwise requires or permits, a person seeking to carry out any transaction with the Registrar of Companies under the Act must do so —

(a)

using the electronic transaction system established under Part 6A of the Accounting and Corporate Regulatory Authority Act 2004 (which may be accessed through the Internet website of the Registrar of Companies at https://www.bizfile.gov.sg) on the electronic transaction form provided for that purpose; and

(b)

in accordance with these Regulations and any practice direction issued by the Registrar of Companies.

Subregulation 2

If a transaction mentioned in paragraph (1) cannot be carried out using the electronic transaction system (whether because of a failure or unavailability of or interruption to the electronic transaction system), the person seeking to carry out the transaction must do so in any form and manner determined by the Registrar of Companies.

Subregulation 3

The Registrar of Companies may refuse to process a transaction if the person seeking to carry out the transaction with the Registrar of Companies —

(a)

does not comply with paragraph (1) or (2);

(b)

does not comply with regulation 18;

(c)

being required to complete an electronic transaction form or any other form provided by the Registrar of Companies for that purpose, fails to properly complete the form in accordance with the instructions contained in the form;

(d)

being required to attach any document to, or provide any information required in, an electronic transaction form provided by the Registrar of Companies for that purpose, fails to attach the document or provide the information, as the case may be; or

(e)

fails to pay the fee prescribed for the transaction.

Subregulation 4

To avoid doubt, a reference to a refusal to process a transaction with the Registrar of Companies in paragraph (3) includes, where the transaction relates to the filing or lodging of a document with the Registrar of Companies, a refusal to accept the document for filing or lodgment.