Brunei National Petroleum Company Sendirian Berhad Order, 2002 · s 7

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7.
Structure and functions of Company
( 3 . )
The Company shall be structured in accordance with the Companies Act
(Chapter 39) to the extent that the provisions of that Act are not inconsistent with the provisions of this Order, and where any such inconsistency exists the provisions of this Order shall prevail.
(2) The Company is hereby required to perform the following regulatory and advisory functions -
(a) acting as a State Party in the negotiation, conclusion and implementation of a petroleum mining Agreement in respect of any designated area;
(b) enforcing the provisions of this Order and of any rules made under section 16;
(c) informing and advising His Majesty the Sultan and Yang Di-Pertuan of the matters referred to in subsection (3) of section 13;
(d) carrying out such other regulatory functions as His Majesty the
Sultan and Yang Di-Pertuan in Council or any lawful authority of the
Government may delegate to it under subsection (1) of section 15.
(3) The Company may in its discretion engage in any activities, other than those referred to in subsection (21, in accordance with the Companies Act to the extent that the provisions of that Act are not inconsistent with the provisions of this Order, andwhere any such inconsistency exists the provisions of this Order a shall prevail.

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s 7Structure and functions of Company

( 3 . )

The Company shall be structured in accordance with the Companies Act

(Chapter 39) to the extent that the provisions of that Act are not inconsistent with the provisions of this Order, and where any such inconsistency exists the provisions of this Order shall prevail.

(2)

The Company is hereby required to perform the following regulatory and advisory functions -

(a)

acting as a State Party in the negotiation, conclusion and implementation of a petroleum mining Agreement in respect of any designated area;

(b)

enforcing the provisions of this Order and of any rules made under section 16;

(c)

informing and advising His Majesty the Sultan and Yang Di-Pertuan of the matters referred to in subsection (3) of section 13;

(d)

carrying out such other regulatory functions as His Majesty the

Sultan and Yang Di-Pertuan in Council or any lawful authority of the

Government may delegate to it under subsection (1) of section 15.

(3)

The Company may in its discretion engage in any activities, other than those referred to in subsection (21, in accordance with the Companies Act to the extent that the provisions of that Act are not inconsistent with the provisions of this Order, andwhere any such inconsistency exists the provisions of this Order a shall prevail.