Singapore legislation
Regulation 60
of Insolvency, Restructuring and Dissolution (Saving and Transitional Provisions) Regulations 2020
Regulation 60
Saving and transitional provisions for amendment of Trust Companies Act
Subregulation 1
Despite section 521(a) of the Act, section 12(1) of the Trust Companies Act (Cap. 336) as in force immediately before 30 July 2020 continues to apply to or in relation to the winding up of the affairs of a licensed trust company pursuant to —
an order for winding up of a company made under section 216(2)(f) of the Companies Act before that date;
an application for winding up made under section 253 of the Companies Act before that date;
an application made before that date for the winding up of an unregistered company under section 351 of the Companies Act;
a voluntary winding up that commenced within the meaning of section 291(6) of the Companies Act before that date; or
an application for winding up arising from a notice of commencement of liquidation or dissolution proceedings in its place of incorporation or origin that was lodged under section 377(2)(a) of the Companies Act before that date.
Subregulation 2
Despite section 521(b) of the Act, section 12(2) of the Trust Companies Act as in force immediately before 30 July 2020 continues to apply to or in relation to the winding up of any licensed trust company pursuant to —
an order for winding up of a company made under section 216(2)(f) of the Companies Act before that date;
an application for winding up made under section 253 of the Companies Act before that date;
an application made before that date for the winding up of an unregistered company under section 351 of the Companies Act;
a voluntary winding up that commenced within the meaning of section 291(6) of the Companies Act before that date; or
an application for winding up arising from a notice of commencement of liquidation or dissolution proceedings in its place of incorporation or origin that was lodged under section 377(2)(a) of the Companies Act before that date.
Subregulation 3
Despite section 521(b) of the Act, section 12(3) of the Trust Companies Act as in force immediately before 30 July 2020 continues to apply to or in relation to any proceedings relating to the winding up of the affairs of a licensed trust company, being proceedings arising from —
an order for winding up of a company made under section 216(2)(f) of the Companies Act before that date;
an application for winding up made under section 253 of the Companies Act before that date;
an application made before that date for the winding up of an unregistered company under section 351 of the Companies Act;
a voluntary winding up that commenced within the meaning of section 291(6) of the Companies Act before that date; or
an application for winding up arising from a notice of commencement of liquidation or dissolution proceedings in its place of incorporation or origin that was lodged under section 377(2)(a) of the Companies Act before that date.