Companies Act · s 138

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s 138Number of directors

(1)

Every company registered after 1st January 1957, being the date of commencement of this Act, shall have at least two directors.

Companies

CAP. 39 147

(2)

One of the two directors or, where there are more than two directors, at least two of them shall be ordinarily resident in Brunei

Darussalam.

(2A)

No person other than an individual who has attained the age of 18 years and who is otherwise of full legal capacity shall be a director of a company.

(2B)

A company shall comply with the requirements of subsection (2) within 6 months of 3 1 st December 2010, being the date of commencement of the Companies Act (Amendment) Order, 2010

(S 1 1 8/20 10).

(3)

If default is made in complying with this section, the company and every officer of the company who is in default is guilty of an offence and liable on conviction to a default fine.