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In force2021 Revised Edition
Contents

Part · Restrictions on Sale of Shares and Offers of Shares for Sale

310B. In this Part, unless the context otherwise requires -

"controller" means an individual controller;

226

Companies

"individual controller", in relation to a company or a foreign company, means an individual who has significant interest in, or significant control over, the company or the foreign company, as the case may be;

"legal entity" means any body corporate formed or incorporated or existing in Brunei Darussalam or outside Brunei Darussalam and includes a foreign company;

"limited liability partnership" has the same meaning given to it by section 5(1) of the Limited Liability Partnerships Order, 2010

(S 1 17/20 10);

"member of the public" includes -

(a)

in the case of a company, any member of the company acting in the member's capacity as such; and

@)

in the case of a foreign company, any member of the foreign company acting in the member's capacity as such;

"register of controllers" or "register" -

(a)

in relation to a company to which this Part applies, means the register that the company is required to keep of its registrable controllers under section 3 10F(1), (2) or (3); and

@)

in relation to a foreign company to which this Part applies, means the register that the foreign company is required to keep of its registrable controllers under section 310F(4), (5)

or (6);

"significant control", in relation to a company or a foreign company, has the meaning given to it in Schedule 17;

"significant interest", in relation to a company or a foreign company, has the meaning given to it in Schedule 17.

Report

Part

Prohibition of Partnerships with More Than Twenty Members

Part

Enforcement and General Provisions

Schedules