Singapore legislation
Regulation 152
of Variable Capital Companies (Winding Up and Receivership) Rules 2026
Regulation 152
Failure to obtain approval of cost schedule
Subregulation 1
This rule applies where a liquidator applies to the Court for the approval, determination or review of the remuneration and expenses of the liquidator, and the liquidator did not previously submit a cost schedule relating to the remuneration and expenses to the approving body, or the cost schedule was not approved by the approving body.
Subregulation 2
The liquidator must, at the time of filing the application mentioned in paragraph (1), file an affidavit —
explaining why a cost schedule was not submitted to, or approved by, the approving body; and
verifying a cost schedule containing the following information:
all information that is necessary for the Court to properly consider and determine the remuneration and expenses of the liquidator;
without limiting sub‑paragraph (i), the same information as is required under rule 151(3).