Singapore legislation

Regulation 22

of Insolvency, Restructuring and Dissolution (Voluntary Winding Up) Regulations 2020

Regulation 22

Notice to creditors to prove

Subregulation 1

Subject to the provisions of the Act, and unless the Court otherwise orders, the liquidator may from time to time fix a date (that must be at least 14 days after the date of the notice mentioned in paragraph (2)) on or before which the creditors of the company are to prove their debts or claims, or be excluded from the benefit of any distribution made before the debts are proved.

Subregulation 2

The liquidator must give notice of the date mentioned in paragraph (1) —

(a)

by advertisement made in Form VWU‑12 in the Gazette and in at least one English local daily newspaper; and (b)in writing in accordance with Form VWU‑13 —

(i)

to every creditor who, to the liquidator’s knowledge, claims to be a creditor of the company and whose claim has not been admitted; and

(ii)

to every person mentioned in the statement of affairs as a creditor who has not proved the person’s debt.