Singapore legislation
Regulation 108
of Variable Capital Companies (Winding Up and Receivership) Rules 2026
Regulation 108
Accounting by special manager
Subregulation 1
Every special manager appointed by the Court under section 154 of the IRDA must submit an account in the form prescribed in regulation 7 of the Variable Capital Companies (Receivership) Regulations 2026 to the liquidator on whose application the special manager was appointed.
Subregulation 2
After the liquidator has approved the accounts submitted by the special manager under paragraph (1), the liquidator must add the aggregate of the special manager’s receipts and payments to the liquidator’s account.