In force1985 Revised EditionCurrent version · 1985 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
33. Voluntary winding up or disposal of shares may be restrained
Feedback & supportSo long as any estate in respect of which a trust company is trustee remains in whole or in part unadministered, it shall not be lawful to proceed to wind up the company voluntarily, unless with the sanction of the court, and it shall be lawful for any person interested in the estate, or who may have any claim in respect thereof, to apply to the court in a summary way by motion to restrain any director or any shareholder from disposing of any shares which that director or shareholder may hold in the company or to restrain the winding up voluntarily of the company, and the court shall have power to make such order as it thinks just.
trust company
Defined · s 2
“trust company” means a company registered as a trust company under this Act.