Regulation 18
Prescribed rate of interest under section 222 of IRDA
of Variable Capital Companies (Voluntary Winding Up) Regulations 2026
Subsidiary LegislationIn forceProvision 18 of 55
Regulation 18
For the purposes of section 222(1) and (2)(b)(ii) of the IRDA, in an insolvent winding up of a VCC or sub‑fund, the prescribed rate of interest allowed on a debt is the rate of interest on judgment debts provided for under the Rules of Court 2021 (G.N. No. S 914/2021) for the time being in force.