Singapore legislation
Regulation 44
of Insolvency, Restructuring and Dissolution (Voluntary Winding Up) Regulations 2020
Regulation 44
Expenses of sales
Where the liquidator sells any property forming part of a company’s assets through an auctioneer or other agent, the gross proceeds of the sale must be paid over by the auctioneer or agent to the liquidator, and the charges and expenses connected with the sale must afterwards be paid to the auctioneer or agent.