In force2020 Revised EditionCurrent version · 2020 Revised EditionSee versions on Singapore Statutes Online(opens the publisher’s site)
Variable Capital Companies Act 2018 · 2020 Revised Edition · Part 4 · Sub-Funds
32. Further matters about sub-funds
Feedback & support(1)
A sub-fund of an umbrella VCC is not a legal person separate from the VCC, but the VCC may sue or be sued in respect of a sub‑fund and may exercise rights of set‑off (if any) as between its sub‑funds as if each sub‑fund were a legal person.
sub-fund
Defined · s 2
“sub-fund” means a collective investment scheme that is part of an umbrella VCC;
(2)
The property of a sub-fund is subject to orders of a court as it would have been if the sub‑fund were a separate legal person.