Singapore legislation
Regulation 23
of Variable Capital Companies (Voluntary Winding Up) Regulations 2026
Regulation 23
Notice to creditors to prove
Subregulation 1
Subject to the provisions of the IRDA, and unless the Court otherwise orders, the liquidator may from time to time fix a date (that must be at least 14 days after the date of the notice mentioned in paragraph (2)) on or before which the creditors of the VCC or sub‑fund are to prove their debts or claims, or be excluded from the benefit of any distribution made before the debts are proved.
Subregulation 2
The liquidator must give notice of the date mentioned in paragraph (1) —
by advertisement made in Form VCC(VWU)‑12 in the Gazette and in at least one English local daily newspaper; and
in writing in accordance with Form VCC(VWU)‑13 —
to every creditor who, to the liquidator’s knowledge, claims to be a creditor of the VCC or sub‑fund and whose claim has not been admitted; and
to every person mentioned in the statement of affairs as a creditor who has not proved the person’s debt.