Brunei Malay Silversmiths Guild (Incorporation) Act

This Act may be cited as the Brunei Malay Silversmiths Guild

(Incorporation) Act.

There shall be constituted a body corporate under the name of “the

The Guild may sue or be sued in its name and shall have perpetual succession and may enter into contracts and may acquire, purchase, lease, take, hold and enjoy movable and immovable property of every description, and, subject as provided in this Act and to any rules made pursuant to section 7 and to the provisions of any other written law, may sell, convey, assign, surrender and yield up, mortgage, demise, reassign, transfer or otherwise dispose of any movable or immovable property vested in the Guild upon such terms as to the Guild may seem fit.

The Guild shall have a common seal and may from time to time make, change, alter and make anew that seal as the Guild may seem fit.

Until a seal is provided under this section, a stamp bearing the inscription “Brunei Malay Silversmiths Guild” may be used as the common seal.

The object and general purposes of the Guild are —

to establish and maintain a place of business in Bandar Seri

to erect buildings on any immovable property of the Guild, for the purposes of the business or branches thereof, or for the purpose of developing the property of the Guild, and to maintain, repair, alter and reconstruct any such buildings;

to receive and disburse for the proper purposes of the Guild all sums available for those purposes, whether provided from public funds or contributed by any person, and all sums received in payment of goods or services;

to raise the standard of craftsmanship among its members;

to ensure the proper training in silver work of an adequate number of young Brunei Malay persons;

to take all necessary steps to safeguard the interests of members of the Guild;

to promote all aspects of the business of the Guild; and

such other purposes as may be provided for by rules made under section 7.

The affairs of the Guild shall be managed by a committee constituted in accordance with rules made under section 7 (in this Act and those rules referred to as the Committee).

Subject to those rules, the Committee shall —

All deeds, documents or other instruments requiring the seal of the

Any contract or instrument which, if entered into or executed by a person not being a body corporate, would not require to be under seal, may be entered into or executed on behalf of the Guild by a person generally or specially authorised by it for that purpose.

Subject to the approval of His Majesty the Sultan and Yang Di-Pertuan in Council, the Committee may make rules —

to fix the qualifications for membership of the Guild and the amount of share capital and the number of shares that a member shall purchase and also to regulate the sale or surrender of shares;

to regulate the constitution and proceedings of the Committee, the calling of meetings, the quorum necessary for the transaction of business, the voting of the members of the Committee and the procedure for the transaction of business;

for the appointment of sub-committees;

for the appointment and remuneration of a secretary;

to allocate duties to, and to regulate the exercise of executive power by, the Committee, sub-committees and the officers of the Guild;

to regulate the keeping and presentation of accounts;

to regulate the conduct of any branches maintained or established by the Guild and the admission of members;

to regulate the appointment, conduct or dismissal of officers and servants of the Guild;

to regulate the share capital of the Guild and the number of shares that a member shall purchase;

to fix responsibility for loss sustained or liability incurred by the Guild;

to regulate the winding up of the Guild in the event of bankruptcy;

to regulate the sale of products by members of the Guild;

to provide for the appointment of a Board of Examiners and its functions; and

generally to carry out the objects and general purposes of the

The provisions of the Companies Act (Chapter 39) do not apply to the

Guild.