Insolvency, Restructuring and Dissolution Act 2018
An Act to amend and consolidate the written laws relating to the making and approval of a compromise or an arrangement with the creditors of a company or an individual, receivership, corporate insolvency and winding up, individual insolvency and bankruptcy, and the public administration of insolvency, to provide for the regulation of insolvency practitioners, to provide for connected matters and to make consequential and related amendments to certain other Acts.
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PART 1 β PRELIMINARYs 1βs 2 Β· 2 sectionsPART 2 β JURISDICTION, POWERS AND PROCEDURE OF COURTs 3βs 15 Β· 13 sectionsDivision 1 β Jurisdictions 3βs 9 Β· 7 sectionsDivision 2 β Procedures 10βs 15 Β· 6 sectionsPART 3 β OFFICIAL ASSIGNEE, OFFICIAL RECEIVER AND INSOLVENCY PRACTITIONERSs 16βs 60 Β· 45 sectionsDivision 1 β Official Assignee and Official Receivers 16βs 35 Β· 20 sectionsDivision 2 β Trustee in bankruptcys 36βs 46 Β· 11 sectionsDivision 3 β Regulation of insolvency practitionerss 47βs 60 Β· 14 sectionsPART 4 β CORPORATE INSOLVENCY, RESTRUCTURING AND DISSOLUTION β PRELIMINARYs 61βs 62 Β· 2 sectionsPART 5 β SCHEME OF ARRANGEMENTs 63βs 72 Β· 10 sectionsPART 5A β SIMPLIFIED RESTRUCTURING OF DEBTSs 72Aβs 72V Β· 17 sectionsDivision 1 β Preliminarys 72A Β· 1 sectionDivision 2 β Simplified debt restructuring programmes 72Cβs 72D Β· 2 sectionsDivision 3 β Entry into simplified debt restructuring programmes 72Eβs 72J Β· 4 sectionsDivision 4 β Effect of entry into simplified debt restructuring programmes 72Kβs 72KA Β· 2 sectionsDivision 5 β Compromise or arrangement with creditors or class of creditorss 72Lβs 72P Β· 5 sectionsDivision 6 β Discharge from simplified debt restructuring programmes 72Qβs 72QA Β· 2 sectionsDivision 7 β Miscellaneouss 72V Β· 1 sectionPART 6 β CORPORATE INSOLVENCY β RECEIVERSHIPs 73βs 87 Β· 15 sectionsPART 7 β JUDICIAL MANAGEMENTs 88βs 118 Β· 31 sectionsPART 8 β WINDING UPs 119βs 216 Β· 98 sectionsDivision 1 β Preliminary provisions applicable to winding ups 119βs 123 Β· 5 sectionsSubdivision (1) β Generals 124βs 133 Β· 10 sectionsSubdivision (2) β Liquidatorss 134βs 149 Β· 16 sectionsSubdivision (3) β Committees of inspections 150βs 151 Β· 2 sectionsSubdivision (4) β General powers of Courts 152βs 159 Β· 8 sections
Subdivision (1) β Preliminarys 160βs 163 Β· 4 sections
Subdivision (2) β Provisions applicable only to membersβ voluntary winding ups 164βs 165 Β· 2 sections
Subdivision (3) β Provisions applicable only to creditorsβ voluntary winding ups 166βs 170 Β· 5 sections
Subdivision (4) β Provisions applicable to every voluntary winding ups 171βs 185 Β· 15 sections
Subdivision (1) β Generals 186βs 204 Β· 19 sections
Subdivision (2) β Effect on other transactionss 205βs 207 Β· 3 sections
Subdivision (3) β Dissolutions 208βs 216 Β· 9 sections
PART 9 β PROVISIONS APPLICABLE IN JUDICIAL MANAGEMENT AND WINDING UPs 217βs 244 Β· 28 sectionsDivision 1 β Preliminarys 217 Β· 1 sectionDivision 2 β Proof of debtss 218βs 223 Β· 6 sectionsDivision 3 β Adjustment of prior transactionss 224βs 229 Β· 6 sectionsDivision 4 β Disclaimer of onerous propertys 230βs 233 Β· 4 sectionsDivision 5 β Offencess 234βs 241 Β· 8 sectionsDivision 6 β Management by judicial managers and liquidatorss 242βs 244 Β· 3 sectionsPART 10 β WINDING UP OF UNREGISTERED COMPANIES AND LIQUIDATION OR DISSOLUTION OF FOREIGN COMPANIESs 245βs 250 Β· 6 sectionsDivision 1 β Winding up of unregistered companiess 245βs 249 Β· 5 sectionsDivision 2 β Liquidation or dissolution of foreign companiess 250 Β· 1 sectionPART 10A β SIMPLIFIED WINDING UPs 250Aβs 250R Β· 15 sectionsDivision 1 β Preliminarys 250A Β· 1 sectionDivision 2 β Simplified winding up programmes 250C Β· 1 sectionDivision 3 β Entry into simplified winding up programmes 250Dβs 250G Β· 4 sectionsDivision 4 β Voluntary winding up of company under simplified winding up programmes 250Kβs 250M Β· 3 sectionsDivision 5 β Discharge from simplified winding up programmes 250Nβs 250P Β· 5 sectionsDivision 6 β Miscellaneouss 250R Β· 1 sectionPART 11 β CROSS-BORDER INSOLVENCYs 251βs 253 Β· 3 sectionsPART 12 β GENERAL PROVISIONS APPLICABLE TO PARTS 4 TO 11s 254βs 272 Β· 19 sectionsPART 13 β BANKRUPTCY β PRELIMINARYs 273βs 274 Β· 2 sectionsPART 14 β VOLUNTARY ARRANGEMENTSs 275βs 287 Β· 13 sectionsDivision 1 β Moratorium for insolvent debtors 275βs 281 Β· 7 sectionsDivision 2 β Consideration and implementation of debtorβs proposals 282βs 287 Β· 6 sectionsPART 15 β DEBT REPAYMENT SCHEMEs 288βs 306 Β· 19 sectionsDivision 1 β Preliminarys 288 Β· 1 sectionDivision 2 β Proposal for debt repayment schemes 289βs 291 Β· 3 sectionsDivision 3 β Commencement and administration of debt repayment schemes 292βs 297 Β· 6 sectionsDivision 4 β Cessation of debt repayment schemes 298βs 302 Β· 5 sectionsDivision 5 β Miscellaneouss 303βs 306 Β· 4 sectionsPART 16 β PROCEEDINGS IN BANKRUPTCYs 307βs 325 Β· 20 sectionsDivision 1 β Bankruptcy applications and bankruptcy orderss 307βs 323 Β· 18 sectionsDivision 2 β Protection of debtorβs propertys 324βs 325 Β· 2 sectionsPART 17 β ADMINISTRATION IN BANKRUPTCYs 326βs 391 Β· 66 sectionsDivision 1 β Bankruptcys 326βs 329 Β· 4 sectionsDivision 2 β Inquiry into bankruptβs affairs, dealings and propertys 330βs 338 Β· 9 sectionsDivision 3 β Monthly contribution and target contributions 339βs 344 Β· 6 sectionsDivision 4 β Proof of debtss 345βs 356 Β· 12 sectionsDivision 5 β Composition or scheme of arrangements 357βs 359 Β· 3 sectionsDivision 6 β Effect of bankruptcy on antecedent transactionss 360βs 368 Β· 9 sectionsDivision 7 β Possession, control and realisation of bankruptβs propertys 369βs 384 Β· 16 sectionsDivision 8 β Distribution of propertys 385βs 391 Β· 7 sectionsPART 18 β ANNULMENT AND DISCHARGEs 392βs 398 Β· 7 sectionsPART 19 β DUTIES, DISQUALIFICATION AND DISABILITIES OF BANKRUPTs 399βs 401 Β· 3 sectionsPART 20 β BANKRUPTCY OFFENCESs 402βs 418 Β· 17 sectionsPART 21 β BANKRUPTCY MISCELLANEOUS PROVISIONSs 419βs 437 Β· 19 sectionsPART 22 β PROVISIONS AGAINST DEBT AVOIDANCE AND LIMITATION ON CERTAIN CONTRACTUAL RIGHTSs 438βs 440 Β· 3 sectionsPART 23 β MISCELLANEOUS AND GENERAL PROVISIONSs 441βs 449 Β· 9 sectionsPART 24 β CONSEQUENTIAL AND RELATED AMENDMENTS TO OTHER ACTSs 467βs 479 Β· 2 sectionsDivision 2 β Other Actss 467βs 479 Β· 2 sectionsPART 25 β SAVING AND TRANSITIONAL PROVISIONSs 525βs 527 Β· 3 sectionsCite this legislation
- Official citation
- IRDA2018
- Source
- sso.agc.gov.sg
- Data synced
Insolvency, Restructuring and Dissolution Act 2018 (sso.agc.gov.sg). Retrieved via LawPlayer, https://lawplayer.com/sg/act/IRDA2018
This text is synced from sso.agc.gov.sg. In case of any discrepancy, the official version prevails.
Cited in 218 judgments
Source: Singapore Statutes Online (Attorney-General's Chambers), Β© Government of Singapore.
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