Singapore legislation

Regulation 66

of Variable Capital Companies (Winding Up and Receivership) Rules 2026

Regulation 66

Notice of Official Receiver’s meetings of creditors or contributories

Subregulation 1

The Official Receiver must give to each of the following persons who, in the Official Receiver’s opinion, ought to attend the meetings of the creditors or contributories under section 134(b) of the IRDA, at least 7 days’ notice of the time and place appointed for each meeting:

(a)

the directors and other officers of the VCC or the umbrella VCC of the sub‑fund;

(b)

the manager of the VCC or the umbrella VCC of the sub‑fund;

(c)

the custodian of the VCC or sub‑fund.

Subregulation 2

The notice may be delivered —

(a)

personally; or

(b)

by prepaid registered post.

Subregulation 3

Every person mentioned in paragraph (1)(a), (b), or (c) who receives the notice must attend the meetings of the creditors or contributories under section 134(b) of the IRDA, and if any person mentioned in paragraph (1) fails to attend, the Official Receiver must report the failure to the Court.