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Jun 21, 2024 · Current Notices. INSOLVENCY, RESTRUCTURING AND DISSOLUTION ACT 2018 (NO. 40 of 2018) Insolvency, Restructuring and Dissolution (Simplified Winding Up) Regulations 2021. (1) Notices of Application. 21-Jun-2024 Notice of Application into Simplified Winding Up Programme. (2) Notices of Acceptance and Rejection.
1 day ago · With effect from 15 January 2023, all services for payment to the Insolvency and Public Trustee’s Office (IPTO) will no longer be available at SingPost, including payments at post offices, through the SingPost mobile app, SAM online and SAM kiosks .
Jun 14, 2024 · In very simple terms, there are three different types of liquidation process: solvent, insolvent and compulsory. In this article, we will explain each type, including the circumstances under which they occur, the process involved, and their effects on the company and its stakeholders. Compulsory Liquidation.
Jun 23, 2024 · A corporate insolvency search. Anyone can investigate a Singaporean company’s liquidation status. What you know through the search is whether the court has wound up the company. Insolvency referring to the obligations to repay creditors is most likely why the court winds up a company.
Jun 10, 2024 · The Inland Revenue Authority of Singapore (IRAS) has published revised guidance on Companies under Liquidation/ Judicial Management/ Receivership. The main revisions are made to the section on the Duties of Liquidators, reproduced below.
5 days ago · The decision in Park Hotel represents a landmark decision in insolvency law as this is the first time the Singapore High Court has held that both equitable and legal set-offs are not available against a company in liquidation, and accordingly counterclaims which do not amount to insolvency set-off fall within the scope of the insolvency moratorium.
Jun 27, 2024 · Bankruptcy Search. Individuals unable to pay a mountain of debt will face bankruptcy charges from lenders. According to Singapore’s law, an individual with over S $15,000 in unpaid debts has a reason to file for personal bankruptcy. On the other hand, lenders can send the High Court’s bankruptcy application without notifying the bankrupt borrower.
