Singapore legislation
Regulation 49
of Variable Capital Companies (Voluntary Winding Up) Regulations 2026
Regulation 49
Restriction on purchase of goods by liquidator
Where the liquidator carries on the business of the VCC or sub‑fund, the liquidator must not, except with the sanction of the Court, enter into a transaction to purchase any goods from any person for the carrying on of that business, if the liquidator would obtain any portion of the profit (if any) received by that person from the transaction.