Companies (Striking Off) Rules, 2018 · As enacted
2. Grounds and conditions for striking off company's name
Official textFrom Attorney General's Chambers, unchanged
This rule sets out for the purposes of section 287B(11 the grounds and conditions on which the Registrar may strike the name of a company off the register on the application of the company.
The Registrar may strike the name of a company off the register on the ground that the company -
(a] has not started to carry on business or begin operation; or
(b] has ceased to carry on business or operate.
The conditions on which the Registrar may strike the name of a company off the register on the application of the company are -
(a] the company is not a party to any ongoing or pending proceedings
(whether civil or criminal) before a court, whether in Brunei Darussalam or elsewhere;
(b] the company has no assets or contingent assets and no liability or contingent liability; and
(c] the company is not subject to any ongoing or pending regulatory action or disciplinary proceedings.
In this rule -
"disciplinary proceedings" means any proceedings that may be taken by a professional body under written law against a member of a profession for professional misconduct;