Singapore legislation
Regulation 42
of Insolvency, Restructuring and Dissolution (Voluntary Winding Up) Regulations 2020
Regulation 42
Liquidator carrying on business
Where the liquidator carries on the business of the company, the liquidator must —
(a)
keep a distinct account of the trading (called in these Regulations the trading account); and (b)incorporate in the Cash Book the total weekly amount of the receipts and payments on the trading account.