Singapore legislation
Regulation 62
of Variable Capital Companies (Winding Up and Receivership) Rules 2026
Regulation 62
Report by liquidator on arrangement or compromise
Where an application is made to the Court under section 144(1)(c) of the IRDA to authorise any compromise or arrangement, the Court may before authorising the compromise or arrangement, hear a report by the liquidator as to —
(a)
the terms of the compromise or arrangement;
(b)
the conduct of the following persons:
(i)
the directors and other officers of the VCC or the umbrella VCC of the sub‑fund;
(ii)
the manager of the VCC or the umbrella VCC of the sub‑fund;
(iii)
the custodian of the VCC or sub‑fund; and
(c)
any other matters which, in the opinion of the liquidator, ought to be brought to the attention of the Court.