Singapore legislation
Regulation 4
of Variable Capital Companies (Maximum Amount Payable in Priority in Winding Up) Regulations 2026
Regulation 4
Revocation and saving and transitional provision
Subregulation 1
Revoke the Variable Capital Companies (Maximum Amount Payable in Priority in Winding Up) Regulations 2020 (G.N. No. S 24/2020).
Subregulation 2
Despite paragraph (1), the Variable Capital Companies (Maximum Amount Payable in Priority in Winding Up) Regulations 2020 as in force immediately before 1 April 2026 applies to or in relation to the following:
an order, made before 1 April 2026, for the winding up of a VCC under section 216(2)(f) of the Companies Act 1967 as applied by the old section 142 of the VCC Act;
an event mentioned in the old section 127(2)(a) or (b) or (3)(a) or (b) of the VCC Act that occurred before 1 April 2026;
an application made before 1 April 2026 for the winding up of a VCC or a sub‑fund of an umbrella VCC, under the repealed section 253 of the Companies Act 1967 as applied by the old section 33 or 130 (as the case may be) of the VCC Act;
a voluntary winding up that commences (within the meaning of the repealed section 291(6) of the Companies Act 1967 as applied by the old section 33 or 130 of the VCC Act) before 1 April 2026.
Subregulation 3
In paragraph (2), a reference to an old provision of the VCC Act is to that provision of the VCC Act that is in force immediately before 1 April 2026.