Singapore legislation
Regulation 7
of Insolvency, Restructuring and Dissolution (Saving and Transitional Provisions) Regulations 2020
Regulation 7
Saving and transitional provisions for amendment of Bus Services Industry Act 2015
Subregulation 1
Despite section 455(a) of the Act, section 21(1)(b) of the Bus Services Industry Act 2015 (Act 30 of 2015) as in force immediately before 30 July 2020 continues to apply to or in relation to a public bus operator holding a Class 1 bus service licence, in respect of which an application for a judicial management order was made before that date under the Companies Act.
Subregulation 2
Section 455(b) and (c) of the Act does not apply to or in relation to any application under section 210 of the Companies Act made before 30 July 2020 in relation to a company that is a public bus operator holding a Class 1 bus service licence.
Subregulation 3
Despite section 455(c) of the Act, section 21(2) of the Bus Services Industry Act 2015 as in force immediately before 30 July 2020 continues to apply to or in relation to any proceedings relating to the winding up of a company that is a public bus operator holding a Class 1 bus service licence, being proceedings arising from —
an order for winding up of the 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; or
a voluntary winding up that commenced within the meaning of section 291(6) of the Companies Act before that date.
Subregulation 4
Despite section 455(e) of the Act, section 39(10) of the Bus Services Industry Act 2015 as in force immediately before 30 July 2020 continues to apply to or in relation to a company that is a licensee in respect of which a written notice under section 39(3) of the Bus Services Industry Act 2015 was given before that date.