| Insolvency, Restructuring and Dissolution Act 2018 |
| Insolvency, Restructuring and Dissolution (Modifications to Specified Acts under Section 72U) Order 2021 |
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| Citation and commencement |
| 1. This Order is the Insolvency, Restructuring and Dissolution (Modifications to Specified Acts under Section 72U) Order 2021 and comes into operation on 29 January 2021. |
| Modification to section 212 of Companies Act |
| 2. Section 212(1) of the Companies Act (Cap. 50) applies to or in relation to a company that is accepted into the simplified debt restructuring programme as if the reference to section 71 of the Insolvency, Restructuring and Dissolution Act 2018 were a reference to section 71 or 72M of the Insolvency, Restructuring and Dissolution Act 2018. |
| Modification to section 29 of Pawnbrokers Act 2015 |
3. Section 29(1) of the Pawnbrokers Act 2015 (Act 2 of 2015) applies to or in relation to a licensee (as defined in section 2(1) of that Act) that is a company accepted into the simplified debt restructuring programme as if paragraph (ca) of that provision were replaced by the following paragraph:
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| Modifications to provisions of Securities and Futures Act |
Permanent Secretary, Ministry of Law, Singapore. |
| [LAW06/011/004; AG/LEGIS/SL/142B/2020/16 Vol. 1] |
| (To be presented to Parliament under section 72U(2)(b) of the Insolvency, Restructuring and Dissolution Act 2018). |