Singapore legislation

Regulation 112

of Limited Liability Partnerships (Winding Up) Rules

Regulation 112

Costs of calling meeting

Subregulation 1

The costs of summoning a meeting of creditors or partners at the instance of any person other than the liquidator shall be paid by the person at whose instance it is summoned who shall before the meeting is summoned deposit with the liquidator such sum as may be required by the liquidator as security for the payment of such costs.

Subregulation 2

The costs of summoning such meetings of creditors or partners, including all disbursements for printing, stationery, postage and the hire of room, shall be calculated at the following rate for each creditor or partner to whom notice is required to be sent, namely, $1 per creditor or partner for the first 50 creditors or partners, 75 cents per creditor or partner for the next 50 creditors or partners, 50 cents per creditor or partner for any number of creditors or partners after the first 100.

Subregulation 3

The costs shall be repaid out of the assets of the LLP if the Court shall by order, or if the creditors or partners (as the case may be) shall by resolution so direct.

Subregulation 4

This rule shall not apply to meetings under paragraph 43 or 44(5) of the Fifth Schedule to the Act.