Companies Act · 2021 Revised Edition · Part · Restrictions on Sale of Shares and Offers of Shares for Sale
Section 3101
Official textFrom Attorney General's Chambers, unchanged
If a company or foreign company knows or has reasonable grounds to believe that any of the particulars of a registrable controller that are stated in the company's or foreign company's register is incorrect, the company or foreign company shall give notice to the registrable controller to confirm whether the particulars are correct and, if not, to provide the correct particulars.
A company or foreign company shall give the notice mentioned in subsection (1) within such period as may be prescribed after it first knows or first has reasonable grounds to believe that the information is incorrect.
foreign company
"foreign company" means any company incorporated outside Brunei Darussalam which has established a place of business in Brunei Darussalam under Part 9;
Section 310G(3)(a) and (b) applies to a notice under this section as it applies to a notice under that section.
Subsection (1) does not require a company or foreign company to give notice to any person in respect of any information that was previously provided by that person or by his agent authorised in writing.
If a company or foreign company fails to comply with subsection (1) or (2), or section 310G(3)(a) and (b) as applied by subsection (3), the company or foreign company, and every officer of the company or foreign company who is in default, shall each be guilty of an offence and shall each be liable on conviction to a fine not exceeding $5,000.
officer
"officer", in relation to a corporation, includes - (a) any director or secretary of the corporation or a person employed in an executive capacity by the corporation; @) a receiver and manager of any part of the undertaking of the corporation appointed under a power contained in any instrument; and (c) any liquidator of a company appointed in a voluntary winding up, but does not include - (i) any receiver who is not also a manager; (ii) any receiver and manager appointed by the Court; (iii) any liquidator appointed by the Court or by the creditors; and (iv) an Executive Manager appointed by the Minister under section 230(1) of the Insolvency Order, 2016 (S 112016);
An addressee of a notice under subsection (1) who fails to comply with the notice within the time specified in the notice for compliance a is guilty of an offence and liable on conviction to a fine not exceeding
$5,000.
236
Companies
Duty of Controller to provide information [S 37/2020]
Terms defined in this Act
foreign company
Defined · s 2"foreign company" means any company incorporated outside Brunei Darussalam which has established a place of business in Brunei Darussalam under Part 9;
officer
Defined · s 2"officer", in relation to a corporation, includes - (a) any director or secretary of the corporation or a person employed in an executive capacity by the corporation; @) a receiver and manager of any part of the undertaking of the corporation appointed under a power contained in any instrument; and (c) any liquidator of a company appointed in a voluntary winding up, but does not include - (i) any receiver who is not also a manager; (ii) any receiver and manager appointed by the Court; (iii) any liquidator appointed by the Court or by the creditors; and (iv) an Executive Manager appointed by the Minister under section 230(1) of the Insolvency Order, 2016 (S 112016);
Part
Prohibition of Partnerships with More Than Twenty Members
Part