Singapore legislation
Regulation 107
of Variable Capital Companies (Winding Up and Receivership) Rules 2026
Regulation 107
Appointment of special manager
Subregulation 1
An application by the liquidator for the appointment of a special manager under section 154 of the IRDA must be supported by a report of the liquidator stating the amount of remuneration which in the opinion of the liquidator ought to be allowed to the special manager.
Subregulation 2
Unless the Court in any special case otherwise directs, the remuneration of the special manager is to be stated in the order appointing the special manager.
Subregulation 3
The Court may at any subsequent time for good cause shown, make an order increasing, reducing or otherwise altering the remuneration stated in an order mentioned in paragraph (2).