Singapore legislation
Regulation 8
of Variable Capital Companies (Winding Up and Receivership) Rules 2026
Regulation 8
Manner of making applications, etc.
Subregulation 1
The following applications must be made by originating application:
an application for the winding up of a VCC under the provision that replaces section 124(1) of the IRDA because of section 130(5) of the VCC Act;
an application for the winding up of a sub‑fund under the provision that replaces section 124(1) of the IRDA because of paragraph 17 of the First Schedule to the VCC Act;
unless otherwise provided in any relevant VCC Act provision or these Rules, any other application under any relevant VCC Act provision, these Rules or the regulations by which proceedings are commenced in Court.
Subregulation 2
Every application other than one mentioned in paragraph (1) must be made by summons unless otherwise provided in any relevant VCC Act provision or these Rules.
Subregulation 3
Unless otherwise directed by the Court, every application under any relevant VCC Act provision, these Rules or the regulations must be supported by affidavit.
Subregulation 4
Every affidavit filed in accordance with paragraph (3) is prima facie evidence of the statements in the affidavit.