Brunei Economic Development Board Act · s 2

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)

2.
Interpretation
In this Act, unless the context otherwise requires —
“Board” means the Brunei Economic Development Board established under section 3;
“business enterprise” means any sole proprietorship, partnership, company or co-operative society wherever registered or incorporated under any law for the time being in force in relation to companies, co-operative societies or businesses and engaged in or proposing to engage in any one or more of the following purposes or functions —
(a) manufacture and sale of goods, materials or things or the subjection of goods, materials or things to any process, including that of repairs, breaking-up, reconditioning or maintenance;
(b) the exploration for, and exploitation of, natural resources, including —
(i) the working of a mine, quarry or any other source of mineral deposits; or
(ii) the treatment or preparation for the sale, consumption or use, and the storage or removal, of any substance from any mine, quarry or other source of mineral deposits;
(c) transport, dock, water, electricity or gas undertaking, including the business of wharf-fingers and stevedores;
(d) the storage of goods, materials or things;
(e) the working of a plantation;
(f) fishing;

Brunei Economic Development Board 6
(g) the business of a tourist enterprise;
“chairman” means the Chairman of the Economic Development
Board and includes the deputy chairman or any temporary chairman appointed under section 4;
“Chief Executive Officer” means the officer appointed under section 7;
“goods, materials or things” includes capital or consumer goods of every description, including aircraft, ships, machinery, food and drugs;
“member” means any member of the Board appointed under section 4, and includes the chairman, deputy chairman and the ex-officio members;
“Minister” means the Minister charged with the responsibility for industrial development;
“underwrite” means to contract, with or without conditions, to subscribe for stocks, shares, bonds or debentures of a business enterprise with a view to the resale of the whole or part of it.

Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

s 2Interpretation

In this Act, unless the context otherwise requires —

“Board” means the Brunei Economic Development Board established under section 3;

“business enterprise” means any sole proprietorship, partnership, company or co-operative society wherever registered or incorporated under any law for the time being in force in relation to companies, co-operative societies or businesses and engaged in or proposing to engage in any one or more of the following purposes or functions —

(a)

manufacture and sale of goods, materials or things or the subjection of goods, materials or things to any process, including that of repairs, breaking-up, reconditioning or maintenance;

(b)

the exploration for, and exploitation of, natural resources, including —

(i)

the working of a mine, quarry or any other source of mineral deposits; or

(ii)

the treatment or preparation for the sale, consumption or use, and the storage or removal, of any substance from any mine, quarry or other source of mineral deposits;

(c)

transport, dock, water, electricity or gas undertaking, including the business of wharf-fingers and stevedores;

(d)

the storage of goods, materials or things;

(e)

the working of a plantation;

(f)

fishing;

Brunei Economic Development Board 6

(g)

the business of a tourist enterprise;

“chairman” means the Chairman of the Economic Development

Board and includes the deputy chairman or any temporary chairman appointed under section 4;

“Chief Executive Officer” means the officer appointed under section 7;

“goods, materials or things” includes capital or consumer goods of every description, including aircraft, ships, machinery, food and drugs;

“member” means any member of the Board appointed under section 4, and includes the chairman, deputy chairman and the ex-officio members;

“Minister” means the Minister charged with the responsibility for industrial development;

“underwrite” means to contract, with or without conditions, to subscribe for stocks, shares, bonds or debentures of a business enterprise with a view to the resale of the whole or part of it.