Brunei Darussalam Central Bank Order, 2010 (Formerly Known as Autoriti Monetari Brunei Darussalam Order) · As enacted · Part II · Establishment and Capital of Authority
Official textFrom Attorney General's Chambers, unchanged
( 1)
There is hereby established an Authority known as the Autoriti Monetari
Brunei Darussalam.
The Authority shall be a body corporate with perpetual succession and a common seal with power, subject to the provisions of this Order, to acquire and dispose of property and to sue and be sued in its corporate name.
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All deeds, documents and other instruments requiring the seal of the
Authority shall be -
sealed with the common seal of the Authority, by the authority of the Authority in the presence of the managing director and such other person duly authorised by the Authority to act in that behalf; and
signed by the managing director and by such duly authorised person, and such signing shall be sufficient evidence that the common seal of the Authority has been duly and properly affixed and that the seal is the common seal of the Authority.
The Authority may by resolution or otherwise appoint an officer of the
Authority or any other person either generally or in a particular case to execute or sign on behalf of the Authority any agreement or other instrument not under seal in relation to any matter coming within the powers of the Authority.
In the pursuit of its objects and the performance of its functions, the
Authority shall be autonomous and accountable as provided for in this Order.
managing director
"managing director" means the director appointed to be the managing director under section 13(1);
Part VI
Part VIII