Companies Act · 2021 Revised Edition · Part · Management and Administration Registered Office and Name
120A. Interpretation
Official textFrom Attorney General's Chambers, unchanged
For the purposes of sections 122 to 133D, unless the contrary a intention appears -
"balance sheet", in relation to a company, means the balance sheet,
-
.
by whatever name called, prepared in accordance with the
Accounting Standards;
accounting standards
"accounting standards" means the accounting standards made or formulated by the Accounting Standards Council under Part I11 of the Accounting Standards Order, 20 10 (S 1 16/20 10) and applicable to companies and to companies to which Part 9 applies in respect of their operations in Brunei Darussalam for the purposes of this Act;
"group" has the same meaning as in the Accounting Standards;
"parent company" means a company that is required under the
Accounting Standards to prepare financial statements in relation to a group;
116
Companies
"subsidiary company" means a company that is a subsidiary as defined in the Accounting Standards.
ACCOUNTS AND AUDIT
accounts
"accounts" means profit and loss accounts, or income and expenditure accounts, and balance sheets referred to in section 122 and includes notes (other than auditors' reports or directors' reports) attached or intended to be read with any of those profit and loss accounts, income and expenditure accounts or balance sheets;
Terms defined in s 2
accounting standards
Defined · s 2"accounting standards" means the accounting standards made or formulated by the Accounting Standards Council under Part I11 of the Accounting Standards Order, 20 10 (S 1 16/20 10) and applicable to companies and to companies to which Part 9 applies in respect of their operations in Brunei Darussalam for the purposes of this Act;
accounts
Defined · s 2"accounts" means profit and loss accounts, or income and expenditure accounts, and balance sheets referred to in section 122 and includes notes (other than auditors' reports or directors' reports) attached or intended to be read with any of those profit and loss accounts, income and expenditure accounts or balance sheets;
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Part 9
Part
Restrictions on Sale of Shares and Offers of Shares for Sale
Part
Prohibition of Partnerships with More Than Twenty Members
Part