Singapore legislation
Regulation 158
of Variable Capital Companies (Winding Up and Receivership) Rules 2026
Regulation 158
Application to set aside for irregularity
Subregulation 1
An application for an order under section 392(2) of the Companies Act (as applied by section 154(1) of the VCC Act) declaring a proceeding under any provision of Part 6, 8 or 9 of the IRDA to be invalid, or for an order under section 392(3) of the Companies Act (as applied by section 154(1) of the VCC Act) declaring proceedings at a meeting held for the purposes of any provision of Part 6, 8 or 9 of the IRDA (as applied by section 33(2), 125(1) or 130 of the VCC Act) to be void, is not allowed unless the application is made —
within a reasonable time; and
before the party applying has taken any fresh step after becoming aware of the irregularity.
Subregulation 2
An application under this rule may be made by summons and the grounds of objection must be stated in the summons or the affidavit supporting the application.