Provisions in Variable Capital Companies (Miscellaneous Amendments) Act 2019 amending insolvency provisions in force

28 April 2026

On 1 April 2026, the provisions of the Variable Capital Companies (Miscellaneous Amendments) Act 2019 (“Amendment Act”) which amend the Variable Capital Companies Act 2018 (“VCC Act”) to make changes necessitated by the transfer of the corporate insolvency provisions in the Companies Act 1967 (“CA”) to the Insolvency, Restructuring and Dissolution Act 2018 (“IRDA”) took effect.

Prior to 1 April 2026, the provisions in the VCC Act relating to the receivership and winding up of variable capital companies (“VCCs”) and their sub-funds were adapted from the CA. With the relevant provisions in the Amendment Act in force, the insolvency framework for VCCs and their sub-funds now makes reference to the relevant provisions in the IRDA instead of the CA, thus aligning the insolvency regime for VCCs and their sub-funds with that of other corporate structures in Singapore. With this development, all the provisions of the Amendment Act, which also establishes the tax framework for VCCs, have fully come into force.

Consequential amendments to the related subsidiary legislation under the VCC Act also took effect on 1 April 2026.

Reference materials

The following materials are available on the Government Gazette website www.egazette.gov.sg: