Singapore legislation
Regulation 73
of Variable Capital Companies (Winding Up and Receivership) Rules 2026
Regulation 73
Ordinary resolution of creditors or contributories
Subregulation 1
At a meeting to which this Division applies, a resolution is deemed to have been passed when the following have voted in favour of the resolution:
in the case of a meeting of creditors — a majority in number and value of the creditors present (whether in person or by proxy) and voting on the resolution;
in the case of a meeting of contributories — a majority in number and value of the contributories present (whether in person or by proxy) and voting on the resolution.
Subregulation 2
For the purposes of paragraph (1)(b), the value of the contributories is determined according to the number of votes conferred on each contributory by the VCC Act or the constitution of the VCC or the umbrella VCC of the sub‑fund.