s 74 Disqualification from appointment as receiver or manager
74.—(1) The following are not qualified to be appointed, and must not act, as a receiver or manager of the property of a company (called in this subsection the relevant company), or of the property in Singapore of a corporation (called in this subsection the relevant corporation):(a) a company or corporation; (b) an undischarged bankrupt; (c) a chargee or other security holder of any property of the relevant company or relevant corporation; (d) an auditor of the relevant company or relevant corporation; (e) a director, secretary or employee of the relevant company or relevant corporation, or of any company or corporation that is a chargee or other security holder of the property of the relevant company or relevant corporation; (f) any individual (other than the Official Receiver) who is not a licensed insolvency practitioner. (2) Subsection (1)(a) does not apply to any company or corporation authorised by any written law to act as a receiver or manager of the property of a company, or of the property in Singapore of a corporation. (3) Subsection (1) does not apply to a person acting as a receiver or manager of the property of a company, or of the property in Singapore of a corporation, under an appointment validly made before 30 July 2020.