Comparison View

Formal Consolidation |  2020 RevEd
Special managers
250M.—(1)  The Official Receiver may appoint a qualified person to act as a special manager for the liquidation of a company that is being wound up voluntarily under the simplified winding up programme during such period as the Official Receiver specifies, with such powers (including any of the powers of a receiver or manager) as are entrusted to the special manager by the Official Receiver.
[39/2020]
(2)  The special manager is to receive such remuneration as the Official Receiver may determine.
[39/2020]
(3)  In this section, “qualified person” means any person who —
(a)is a public accountant;
(b)is a chartered accountant within the meaning given by section 2(1) of the Singapore Accountancy Commission Act 2013; or
(c)possesses any other qualification or any relevant experience as the Minister may prescribe by regulations made under section 250R.
[39/2020]
Informal Consolidation | Amended Act 36 of 2022
Special managers
250M.—(1)  The Official Receiver may appoint a qualified person to act as a special manager for the liquidation of a company that is being wound up voluntarily under the simplified winding up programme during such period as the Official Receiver specifies, with such powers (including any of the powers of a receiver or manager) as are entrusted to the special manager by the Official Receiver.
[39/2020]
(2)  The special manager is to receive such remuneration as the Official Receiver may determine.
[39/2020]
(3)  In this section, “qualified person” means any person who —
(a)is a public accountant;
(b)is a chartered accountant within the meaning given by section 2(1) of the Accounting and Corporate Regulatory Authority Act 2004; or
[Act 36 of 2022 wef 01/04/2023]
(c)possesses any other qualification or any relevant experience as the Minister may prescribe by regulations made under section 250R.
[39/2020]