Singapore legislation

Regulation 4

of Insolvency, Restructuring and Dissolution (Insolvency Practitioners) Regulations 2020

Regulation 4

Notification to Official Receiver under section 47(3) of Act

Subregulation 1

Subject to paragraph (3), a person who is appointed as —

(a)

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).

Subregulation 2

The written notice mentioned in paragraph (1) must be in Form IP‑1 and must state the following particulars:

(a)

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

(c)

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

(d)

the date of appointment.

Subregulation 3

A liquidator in a members’ voluntary winding up who lodges with the Official Receiver notice of the liquidator’s appointment and the address of the liquidator’s office in accordance with section 191(1)(a) of the Act, is taken to have complied with section 47(3) of the Act.