Singapore legislation
Regulation 6
of Insolvency, Restructuring and Dissolution (Simplified Debt Restructuring) Regulations 2021
Regulation 6
Extension of moratorium period
Subregulation 1
For the purposes of section 72Q(2) of the Act, an application by a company (in simplified debt restructuring) or its Restructuring Adviser for an extension of its moratorium period must —
be made —
in Form SDR-2 set out on the designated website; and
at least 7 days before the expiry of the moratorium period; and
provide the reasons for the making of the application.
Subregulation 2
For the purposes of section 72Q(3)(a)(i) of the Act, the period for which a moratorium period may be extended is 30 days.
Subregulation 3
Where the Official Receiver extends the moratorium period of a company under section 72Q(3)(a) of the Act, the company (in simplified debt restructuring) or its Restructuring Adviser must, within 3 days after the date of the Official Receiver’s decision, publish on the designated website a notice of the extension.