Singapore legislation
Regulation 132
of Variable Capital Companies (Winding Up and Receivership) Rules 2026
Regulation 132
Certificate as to special terms of remuneration, etc.
Where the bill of costs, charges or expenses of any solicitor, manager, accountant, auctioneer, broker or other person employed or engaged by a liquidator in the winding up of a VCC or sub‑fund is payable out of the assets of the VCC or sub‑fund, the following must be produced to the Registrar on the assessment of the bill:
(a)
a certificate in writing signed by the liquidator and setting forth any special terms of remuneration which have been agreed to;
(b)
in the case of the bill of costs of a solicitor, a copy of the resolution or other authority sanctioning the employment of the solicitor.