Singapore legislation
Regulation 55
of Variable Capital Companies (Winding Up and Receivership) Rules 2026
Regulation 55
Notice and service of winding up order
Subregulation 1
When an order is made for the winding up of a VCC or sub‑fund, the applicant for the order must —
immediately inform the liquidator of the VCC or sub‑fund of the making of the order in Form VCCWUR‑9; and
within 14 days after the pronouncement of the order, publish a notice of the making of the order in Form VCCWUR‑10 in the Gazette and in an English local daily newspaper.
Subregulation 2
In the case of the winding up of a VCC, unless otherwise directed by the Court, the copy of the winding up order required by section 132(2) of the IRDA to be served upon the secretary of the VCC may be served either personally or by prepaid letter addressed to the secretary at the registered office of the VCC or, if there is no such registered office, at its principal or last known place of business.
Subregulation 3
In the case of the winding up of a sub-fund, unless otherwise directed by the Court, the copy of the winding up order required by section 132(2) of the IRDA to be served upon the secretary of the umbrella VCC of the sub‑fund may be served either personally or by prepaid letter addressed to the secretary at the registered office of the umbrella VCC or, if there is no such registered office, at its principal or last known place of business.
Subregulation 4
An order to wind up a VCC or sub‑fund must, in accordance with Form VCCWUR‑11, contain at the foot of the order a notice stating that it will be the duty of the persons mentioned in section 141(2) of the IRDA to make out the statement of affairs of the VCC or sub‑fund and to attend on the liquidator at such time and place as the liquidator may appoint.