| REPUBLIC OF SINGAPORE |
| GOVERNMENT GAZETTE |
| ACTS SUPPLEMENT |
| Published by Authority |
| NO. 14] | Thursday, April 6 | [2023 |
| The following Act was passed by Parliament on 9 January 2023 and assented to by the President on 30 January 2023:— |
| Insolvency, Restructuring and Dissolution (Amendment) Act 2023 |
(No. 1 of 2023)
I assent.
President. 30 January 2023. |
| An Act to amend the Insolvency, Restructuring and Dissolution Act 2018. |
| Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: |
| Short title and commencement |
| 1. This Act is the Insolvency, Restructuring and Dissolution (Amendment) Act 2023 and comes into operation on a date that the Minister appoints by notification in the Gazette. |
| Amendment of section 36 |
| Amendment of section 41 |
3. Section 41 of the principal Act is amended —
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| Amendment of section 72B |
| 4. Section 72B(1) of the principal Act is amended by deleting the words “3 years” and substituting the words “5 years”. |
| Amendment of section 250B |
| 5. Section 250B(1) of the principal Act is amended by deleting the words “3 years” and substituting the words “5 years”. |
| New section 318A |
6. The principal Act is amended by inserting, immediately after section 318, the following section:
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| Amendment of section 333 |
7. Section 333(1) of the principal Act is amended —
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| Amendment of section 384 |
8. Section 384 of the principal Act is amended by deleting subsection (4) and substituting the following subsection:
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| Amendment of section 399 |
9. Section 399(1) of the principal Act is amended —
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| Amendment of section 412 |
10. Section 412 of the principal Act is amended —
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| Amendment of section 433 |
11. Section 433 of the principal Act is amended —
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| Amendment of section 525 |
12. Section 525 of the principal Act is amended —
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| Saving and transitional provisions |
13.—(1) Despite section 2(a), section 36(1)(a) of the principal Act as in force immediately before the date of commencement of section 2(a) continues to apply where the Court makes a bankruptcy order on a bankruptcy application made before that date.
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