Singapore legislation
Regulation 56
of Variable Capital Companies (Court-Ordered Winding Up) Regulations 2026
Regulation 56
Duties of liquidator on resignation, etc.
Subregulation 1
A person (A) who resigns as liquidator of a VCC or sub‑fund or is removed from the office of liquidator must, within 14 days after his or her resignation or removal from office, deliver to the Official Receiver or the liquidator (B) who is appointed to fill the vacancy, all the books kept by A and all other books, documents, papers and accounts in A’s possession relating to the office of liquidator.
Subregulation 2
The release of A takes effect only after A has delivered all the books, documents, papers and accounts to the Official Receiver or B, as the case may be.
Subregulation 3
For the purposes of section 191(3) of the IRDA, the notice of the liquidator’s resignation or removal from office must be in accordance with Form VCC(CWU)‑16, and must contain the following information:
the name of the VCC being wound up, or the names of the sub‑fund being wound up and the umbrella VCC of that sub‑fund;
the name and identification number of the liquidator;
the date of the liquidator’s resignation or removal from office, as the case may be.
Subregulation 4
Where a liquidator is removed from office by an order of the Court, the notice mentioned in paragraph (3) must annex a copy of the order of the Court.