Singapore legislation
Regulation 99
of Variable Capital Companies (Winding Up and Receivership) Rules 2026
Regulation 99
Contributories listed may attend proceedings
Subregulation 1
Every person for the time being on the list of contributories of a VCC or sub‑fund and every person whose proof has been admitted in respect of the VCC or sub‑fund —
is entitled to have notice of all proceedings relating to the winding up of the VCC or sub‑fund upon making a written request to the liquidator and payment of the liquidator’s costs of giving that person such notice; and
may at that person’s own expense attend any of those proceedings.
Subregulation 2
If the Court is of the opinion that the attendance of any person mentioned in paragraph (1) upon any proceedings has occasioned additional costs which ought not to be borne by the funds of the VCC or sub‑fund, the Court may direct the costs or a gross sum in lieu of costs to be paid by that person, and that person is not entitled to attend any further proceedings until that person has paid the costs or gross sum.
Subregulation 3
The Court may from time to time —
appoint any one or more of the creditors or contributories to represent before the Court, at the expense of the VCC or sub‑fund, all or any class of the creditors or contributories upon any question or in relation to any proceedings before the Court; and
remove any person appointed under sub‑paragraph (a).
Subregulation 4
If more than one person is appointed under paragraph (3) to represent one class, the persons appointed must employ the same solicitor to represent them.