Fees (Winding up and Dissolution of Companies and Other Bodies) (Amendment No. 2) Order 2020

Status:

Published in Subsidiary Legislation Supplement
on 30 Jul 2020

No. S 640

Fees Act

(CHAPTER 106)

Fees
(Winding up and Dissolution of
Companies and Other Bodies)
(Amendment No. 2) Order 2020

In exercise of the powers conferred by section 2 of the Fees Act, the Minister for Finance makes the following Order:

Citation

1. This Order is the Fees (Winding up and Dissolution of Companies and Other Bodies) (Amendment No. 2) Order 2020.

Amendment of paragraph 2

2. Paragraph 2 of the Fees (Winding up and Dissolution of Companies and Other Bodies) Order 2005 (G.N. No. S 58/2005) is amended by deleting the words “section 345 or 347 of the Companies Act (Cap. 50)” in sub‑paragraph (b)(i) and substituting the words “section 212 or 214 of the Insolvency, Restructuring and Dissolution Act 2018 (Act 40 of 2018)”.

Amendment of Schedule

3. The Schedule to the Fees (Winding up and Dissolution of Companies and Other Bodies) Order 2005 is amended —

(a)	by deleting the words “section 322(6) of the Companies Act (Cap. 50)” in items (12)(a) and (13) and substituting in each case the words “section 197(7) of the Insolvency, Restructuring and Dissolution Act 2018”;
(b)	by deleting paragraph (b) of items (12), (12A), (12B) and (12C);
(c)	by deleting paragraph (a) of item (15); and
(d)	by deleting the words “section 345 or 347 of the Companies Act” in item (19) and substituting the words “section 212 or 214 of the Insolvency, Restructuring and Dissolution Act 2018”.

Saving and transitional provisions

4.—(1) Despite paragraphs 2 and 3(d), paragraph 2(b)(i) of, and item (19) of the Schedule to, the Fees (Winding up and Dissolution of Companies and Other Bodies) Order 2005 as in force immediately before 30 July 2020 continue to apply to or in relation to the following:

(a)

any company that is dissolved following winding up pursuant to —

(i)	an application made before that date for the winding up of the company under section 253 of the Companies Act (Cap. 50); or
(ii)	an order under section 216(2)(f) of the Companies Act made before that date;

(b)

any company that is dissolved following voluntary winding up that is commenced within the meaning of section 291(6) of the Companies Act before that date;

(c)

any unregistered company that is dissolved following winding up pursuant to an application made before that date for the winding up of the unregistered company under section 351 of the Companies Act;

(d)

any foreign company that is dissolved following a notice of commencement of liquidation or dissolution proceedings in its place of incorporation or origin that was lodged under section 377(2)(a) of the Companies Act before that date;

(e)

any corporation that is dissolved following an application made before that date for recognition of a foreign proceeding under Article 15(1) of the Tenth Schedule to the Companies Act.

(2) Despite paragraph 3(a), items (12)(a) and (13) of the Schedule to the Fees (Winding up and Dissolution of Companies and Other Bodies) Order 2005 as in force immediately before 30 July 2020 continue to apply to or in relation to the following:

(a)

any company that is wound up pursuant to —

(i)	an application made before that date for the winding up of the company under section 253 of the Companies Act; or
(ii)	an order under section 216(2)(f) of the Companies Act made before that date;

(b)

any company in respect of which voluntary winding up is commenced within the meaning of section 291(6) of the Companies Act before that date;

(c)

any unregistered company that is wound up pursuant to an application made before that date for the winding up of the unregistered company under section 351 of the Companies Act;

(d)

any foreign company that is wound up pursuant to a notice of commencement of liquidation or dissolution proceedings in its place of incorporation or origin that was lodged under section 377(2)(a) of the Companies Act before that date;

(e)

any corporation that is wound up pursuant to an application made before that date for recognition of a foreign proceeding under Article 15(1) of the Tenth Schedule to the Companies Act.

[G.N. Nos. S 64/2006; S 50/2007; S 748/2011; S 594/2013; S 1/2017; S 462/2018; S 549/2020]

Made on 12 July 2020.

TAN CHING YEE

Permanent Secretary,
Ministry of Finance,
Singapore.

[R30.4.303; LAW 06/011/004; AG/LEGIS/SL/106/2015/4 Vol. 1]

(To be presented to Parliament under section 3 of the Fees Act).

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