Singapore legislation
Regulation 120
of Variable Capital Companies (Winding Up and Receivership) Rules 2026
Regulation 120
Notice of liquidator’s intention to apply for release, etc.
Subregulation 1
A liquidator who intends to make an application to the Court under section 147 of the IRDA for an order that the liquidator be released, or for an order that the liquidator be released and the VCC or sub‑fund be dissolved, must comply with paragraphs (2), (3) and (4) after the liquidator has complied with section 148 of the IRDA.
Subregulation 2
The liquidator must give notice of the liquidator’s intention to make an application mentioned in paragraph (1), at least 21 days before the application is made, to all creditors who have proved their debts against the VCC or sub‑fund and to all the contributories of the VCC or sub‑fund.
Subregulation 3
The notice mentioned in paragraph (2) must be accompanied by a summary of all receipts and payments in the winding up of the VCC or sub‑fund.
Subregulation 4
The notice of the liquidator’s intention mentioned in paragraph (2) must be in Form VCCWUR‑42.
Subregulation 5
The application to the Court under section 147 of the IRDA must be in Form VCCWUR‑43.