Singapore legislation
Regulation 54
of Variable Capital Companies (Voluntary Winding Up) Regulations 2026
Regulation 54
Disposal of outstanding interests under section 214 of IRDA
Subregulation 1
Where the Official Receiver intends to sell or otherwise dispose of or deal with an estate (or any part of an estate) or any property or interest in property under section 214(1) of the IRDA, the Official Receiver must give notice of the intention —
by publication in the Gazette; and
by giving any other notice (including publication in an English local daily newspaper or a notice given outside Singapore) that the Official Receiver thinks necessary, taking into account the location of the estate or property.
Subregulation 2
The notice must state that a person who is legally or beneficially interested in the estate, property or interest must, within the time (not being less than 2 months) specified in the notice, inform the Official Receiver in writing of the nature of the person’s interest in the estate, property or interest.
Subregulation 3
At the expiration of the time specified in the notice, the Official Receiver may sell or otherwise dispose of or deal with the estate, property or interest in accordance with section 214 of the IRDA.