Do I need to hold an insolvency practitioner's licence if I intend to continue with and complete the administration of cases commenced under the Bankruptcy Act (Cap. 20) and/or Companies Act (Cap. 50)?

Question

Accepted Answer

No, you are not required to hold an insolvency practitioner's licence. However, you will need to continue to maintain the necessary qualifications required under the Bankruptcy Act (Cap. 20) and / or Companies Act (Cap. 50):

Regime	Qualifications
Bankruptcy and Voluntary Arrangements	Public Accountant (“PA”); Solicitor; or Any other person the Minister may, by order published in the Gazette, prescribe
Creditors’ Voluntary Winding Up	Approved liquidator (unless a resolution is passed)
Court-Ordered Winding Up	Approved liquidator
Receivership
Judicial Management	PA; Non-PA if appointed by Court or nominated by Minister

Do I need to hold an insolvency practitioner's licence if I intend to continue with and complete the administration of cases commenced under the Bankruptcy Act (Cap. 20) and/or Companies Act (Cap. 50)?

Related questions

Am I required to hold an insolvency practitioner's licence to be appointed to act in cases commenced under the Insolvency Restructuring and Dissolution Act 2018 (“the Act”)?

What are the criteria that must be fulfilled in order to be eligible to hold an insolvency practitioner's licence?

Is there a register of individuals holding a valid insolvency practitioner's licence?

How do I apply for an insolvency practitioner's licence?