FAQs for Singapore

FAQs (Singapore)

Who is an Official Receiver?

The Official Receiver is a public officer the could be appointed as liquidator by the High Court for companies in compulsory winding up in Singapore.

The Official Receiver could also act as a regulator in voluntary winding up and compulsory...

10/08/18 by Alex Chiang

What are the charges of the Official Receiver?

In the Schedule under the Fee (Winding Up and Dissolution of Companies and Other Bodies) Order 2005 states that  the Official Receiver could charge

a)      Administrative Fee;

b)      Realisation Fee; and

c)    ...

10/08/18 by Alex Chiang

What is the role of a Liquidator in Compulsory Liquidation?

Section 272 of Companies Act (Cap. 50) states the liquidator is to:

a)      investigate into the affairs and assets of the company, the conduct of its officers, and the claims of the creditors and third parties;

b)      rec...

10/08/18 by Alex Chiang

Who can be appointed as Private Liquidator?

Pursuant to Section 9 of Companies Act (Amended) 2017, the Minister may, by order published in the Gazette, declare a person within a specified class of persons be an approved liquidator.  Persons who are outside this specified class of person ma...

10/08/18 by Alex Chiang

What are the differences between Creditors’ Voluntary Winding-Up and Members’ Voluntary Winding-Up?

From the commencement of the voluntary winding up, the company shall cease to carry on its business.  Nevertheless, the corporate powers of the company shall continue until it is dissolved.  The company’s shareholders cannot transfer the compa...

10/08/18 by Alex Chiang

What are the effects of the amendments to the Singapore Companies (Amendment) Act 2017?

The Singapore Companies (Amendment) Act 2017, which came into force on 23 May 2017, has made significant changes to Singapore’s law relating to schemes of arrangement, judicial management and cross-border insolvency. The changes is to transform ...

10/08/18 by Alex Chiang

What are the fees involved?

The professional fees is guided by the Singapore High Court and Section 142 of the Companies (Winding Up) Rule (Revised Edition) 2006 and apply where the estimated fees exceed S$200,000, and are irrespective of whether the subject company is solve...

10/08/18 by Alex Chiang