Insolvency, Restructuring and Dissolution (Insolvency Practitioners) Regulations 2020

a liquidator in a members’ voluntary winding up under Division 3 of Part 8 of the Act; or (b)a scheme manager in relation to a scheme of arrangement under Part 5 of the Act or Part VII of the Companies Act (Cap. 50), must within 14 days after the person’s appointment, give to the Official Receiver a written notice of the person’s appointment in accordance with paragraph (2).

the person’s name and address; (b)whether the person was appointed as liquidator in a members’ voluntary winding up or as scheme manager;

the name and registered address of the company in respect of which the person was so appointed;

the date of appointment.

subject to paragraph (4), submit the application using the electronic application service provided by the licensing officer; and

pay the applicable prescribed fee for the application as follows:

application for the grant of a licence — $650; (ii)application for the renewal of a licence — $600.

the applicant’s full name and contact details;

the name of the applicant’s employer or, where the applicant is self-employed, the name of the applicant’s business;

the principal address at which the applicant will be practising;

documentary proof showing the applicant to be a qualified person within the meaning of section 50(2) of the Act, including —

in the case of a qualified person who is a solicitor — a copy of a practising certificate issued under section 25 of the Legal Profession Act (Cap. 161); (ii)in the case of a qualified person who is a public accountant — a copy of a certificate of registration issued by the Registrar of Public Accountants under section 12 of the Accountants Act (Cap. 2); or

in the case of a qualified person who is a chartered accountant — a copy of a certificate of good standing issued by the Institute of Singapore Chartered Accountants;

details of the applicant’s membership in any of the following professional bodies, or any other professional body related to the applicant’s qualification:

The Law Society of Singapore;

Institute of Singapore Chartered Accountants; (f)details of the relevant work experience mentioned in paragraph (3); and

such other information or particulars as may be required by the licensing officer.

the applicant has acted as an insolvency practitioner in relation to a corporation or an individual under the Act or under any corresponding previous law;

the applicant has assisted another person in that person acting as an insolvency practitioner in relation to a corporation or an individual, under the Act or under any corresponding previous law, for a minimum of 3 continuous years of which 2 years’ experience must be at a supervisory level; (c)the applicant has acted as a solicitor for a creditor or a debtor in relation to a bankruptcy application, or for a creditor or a bankrupt in relation to the administration of any bankruptcy, under the Act or under any corresponding previous law within the last 3 years before the date of the application for a grant of an insolvency practitioner’s licence.

the applicant holds, and has held for a minimum of 3 continuous years, the equivalent of an insolvency practitioner’s licence in a foreign jurisdiction;

the applicant has acted as the equivalent of a licensed insolvency practitioner in relation to a corporation under any foreign law, in respect of —

proceedings relating to corporate insolvency, restructuring or dissolution that are international and commercial in nature; or

proceedings relating to corporate insolvency, restructuring or dissolution where relief was sought from a court of a foreign jurisdiction under the Model Law as given effect in that jurisdiction.

a petition of appeal in Form IP‑3 containing —

the particulars of the decision appealed against; (ii)the reasons for the appeal; and (iii)the issues arising in the appeal;

any supporting document referred to in the petition of appeal or relied on in support of the appeal.

due to the appellant’s absence from Singapore or illness; or

due to any other reason which is not caused by any unreasonable delay on the part of the appellant.