/akn/sg/act/sub_leg/2018/IRDA-S52-2021

Insolvency, Restructuring and Dissolution (Prescribed Criteria and Circumstances under Sections 72F and 250F) Order 2021

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Type
Subsidiary Legislation
Status
In force
Enacted
2018
Sections
5

Quick answer

About this subsidiary legislation

Insolvency, Restructuring and Dissolution (Prescribed Criteria and Circumstances under Sections 72F and 250F) Order 2021 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation IRDA-S52-2021 2018, currently marked in force and first recorded in 2018.

Regulation 1

Citation and commencement

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This Order is the Insolvency, Restructuring and Dissolution (Prescribed Criteria and Circumstances under Sections 72F and 250F) Order 2021 and comes into operation on 29 January 2021.

Regulation 2

Prescribed criterion under section 72F(2)(e) of Act

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Amended byS 26/2026 wef 29/01/2026

For the purposes of section 72F(2)(e) of the Act, an additional eligibility criterion is that the company seeking to enter into the simplified debt restructuring programme is not a foreign company.

Regulation 3

Prescribed circumstance under section 72F(3)(l) of Act

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Amended byS 26/2026 wef 29/01/2026S 26/2026 wef 29/01/2026

Subregulation 1

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Amended byS 26/2026 wef 29/01/2026

For the purposes of section 72F(3)(l) of the Act, the circumstance mentioned in sub‑paragraph (2) is also a circumstance that makes a company unsuitable for entry into the simplified debt restructuring programme.

Subregulation 2

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Amended byS 26/2026 wef 29/01/2026

The circumstance is that a declaration or an injunction has been made or granted by the District Court or the General Division of the High Court against the company under section 9(1)(a) or (b) of the Consumer Protection (Fair Trading) Act (Cap. 52A).

Regulation 4

Prescribed criterion under section 250F(2)(f) of Act

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Amended byS 26/2026 wef 29/01/2026

For the purposes of section 250F(2)(f) of the Act, an additional eligibility criterion is that the company seeking to enter into the simplified winding up programme is not a foreign company.

Regulation 5

Prescribed circumstance under section 250F(3)(m) of Act

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Amended byS 26/2026 wef 29/01/2026S 26/2026 wef 29/01/2026

Subregulation 1

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Amended byS 26/2026 wef 29/01/2026

For the purposes of section 250F(3)(m) of the Act, the circumstance mentioned in sub‑paragraph (2) is also a circumstance that makes a company unsuitable for entry into the simplified winding up programme.

Subregulation 2

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Amended byS 26/2026 wef 29/01/2026

The circumstance is that a declaration or an injunction has been made or granted by the District Court or the General Division of the High Court against the company under section 9(1)(a) or (b) of the Consumer Protection (Fair Trading) Act.

Common questions

What is Insolvency, Restructuring and Dissolution (Prescribed Criteria and Circumstances under Sections 72F and 250F) Order 2021?
Insolvency, Restructuring and Dissolution (Prescribed Criteria and Circumstances under Sections 72F and 250F) Order 2021 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation IRDA-S52-2021 2018, currently marked in force and first recorded in 2018.
Is Insolvency, Restructuring and Dissolution (Prescribed Criteria and Circumstances under Sections 72F and 250F) Order 2021 still in force?
Yes — Insolvency, Restructuring and Dissolution (Prescribed Criteria and Circumstances under Sections 72F and 250F) Order 2021 is currently in force.
When did Insolvency, Restructuring and Dissolution (Prescribed Criteria and Circumstances under Sections 72F and 250F) Order 2021 take effect?
Insolvency, Restructuring and Dissolution (Prescribed Criteria and Circumstances under Sections 72F and 250F) Order 2021 was first recorded in 2018.
How many regulations does Insolvency, Restructuring and Dissolution (Prescribed Criteria and Circumstances under Sections 72F and 250F) Order 2021 have?
Insolvency, Restructuring and Dissolution (Prescribed Criteria and Circumstances under Sections 72F and 250F) Order 2021 contains 5 regulations.
Where can I read the official version of Insolvency, Restructuring and Dissolution (Prescribed Criteria and Circumstances under Sections 72F and 250F) Order 2021?
The official text of Insolvency, Restructuring and Dissolution (Prescribed Criteria and Circumstances under Sections 72F and 250F) Order 2021 is published at sso.agc.gov.sg.