Division 1 Provision of security by liquidator
Division 2 Statement of affairs
Division 3 Power of liquidator to compromise debt
Division 4 Payments in and out of Companies Liquidation Account
Division 5 Company’s dealings and transactions with liquidator or committee of inspection
Division 6 Keeping and audit of liquidator’s books and accounts
Division 7 Investment of assets of company and realisation of investment
Division 8 Unclaimed or undistributed assets and outstanding assets of defunct company
Division 9 Duties of liquidator upon resignation or release
| Prescribed rate of interest under section 222 of Act |
| 12. For the purposes of section 222(1) and (2)(b)(ii) of the Act, in an insolvent winding up of a company, the prescribed rate of interest allowed on a debt is the rate of interest on judgment debts provided for under the Rules of Court 2021 (G.N. No. S 914/2021) for the time being in force. [S 266/2022 wef 01/04/2022] |