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Representative Form Ircc

Representative Form Ircc Template for Singapore

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Key Requirements PROMPT example:

Representative Form Ircc

"Need to complete a Representative Form IRCC for a senior insolvency practitioner with 15 years of experience in corporate restructuring, who will be joining our Singapore office in March 2025 and requires authorization to handle complex cross-border insolvency cases."

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What is a Representative Form Ircc?

The Representative Form IRCC is a mandatory document required by Singapore's Ministry of Law for individuals seeking to act as licensed insolvency practitioners. This form was introduced following the implementation of the Insolvency, Restructuring and Dissolution Act 2018 and its associated regulations. It serves as both an application and declaration document, containing comprehensive information about the representative's qualifications, experience, and fitness to practice. The form must be completed accurately and submitted with supporting documentation to obtain or maintain an insolvency practitioner's license in Singapore.

What sections should be included in a Representative Form Ircc?

1. Personal Details: Representative's full name, identification details, and contact information

2. Professional Qualifications: Details of relevant qualifications and professional memberships

3. Declaration of Fitness: Statement confirming eligibility and absence of disqualifying factors

4. Scope of Authority: Detailed description of representative's powers and limitations

5. Undertaking: Representative's commitment to comply with relevant laws and regulations

What sections are optional to include in a Representative Form Ircc?

1. Additional Authorizations: Special powers granted to the representative, used when specific additional authority is required

2. Professional Indemnity Details: Insurance coverage information, included when representative holds separate professional indemnity insurance

What schedules should be included in a Representative Form Ircc?

1. Schedule A - Professional Qualifications Evidence: Copies of certificates and professional memberships

2. Schedule B - Character References: Required references from qualified professionals

3. Appendix 1 - Conflict Check Declaration: Declaration of no conflicts of interest

4. Appendix 2 - Compliance History: Record of professional conduct and regulatory compliance

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
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IRDA 2018: Insolvency, Restructuring and Dissolution Act 2018 - Primary legislation governing insolvency practitioners in Singapore

IRDA Licensing Regulations 2020: Insolvency, Restructuring and Dissolution (Licensing and Regulation of Insolvency Practitioners) Regulations 2020 - Specific regulations for licensing and conduct of insolvency practitioners

Companies Act: Companies Act (Cap. 50) - Relevant provisions relating to corporate insolvency and restructuring

Legal Profession Act: Legal Profession Act (Cap. 161) - Provisions governing legal practitioners involved in insolvency matters

PDPA 2012: Personal Data Protection Act 2012 - Requirements for handling personal data in insolvency proceedings

MOL Guidelines: Ministry of Law's guidelines on licensing of insolvency practitioners - Regulatory guidance for practitioners

ISCA Standards: Professional standards issued by the Institute of Singapore Chartered Accountants - Professional conduct and technical standards for insolvency practice

Qualification Requirements: Specific requirements for representatives including educational qualifications and professional experience

Authority Scope: Definition and limitations of representative's authority in insolvency matters

Professional Conduct: Rules and requirements governing professional behavior and ethics

Disclosure Obligations: Mandatory disclosure requirements for representatives in insolvency proceedings

Confidentiality Requirements: Obligations regarding confidentiality and handling of sensitive information

PII Requirements: Professional Indemnity Insurance requirements for insolvency practitioners

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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