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bruneilawsby aturio
In force2022 Revised Edition
Contents

Act

Darussalam Enterprise Act

A body that promotes and helps develop business enterprises

Part

Preliminary

Official textFrom Attorney General's Chambers, unchanged

s 1Citation

This Act may be cited as the Darussalam Enterprise Act.

s 2Interpretation

In this Act, unless the context otherwise requires —

“Board” means the Board of Directors referred to in section 5;

“business enterprise” means any entity incorporated, formed or established in Brunei Darussalam or elsewhere, whether or not for profit, and howsoever owned or controlled, and includes —

(a)

a corporation, a sole proprietorship, a partnership, a joint venture, a co-operative society, a trust and an association; and

(b)

a branch of an enterprise, but does not include a government entity.

“Chairman” means the Chairman of the Board appointed under section 5(2) and includes any temporary Chairman;

“committee” means any committee appointed under section 6(1);

“Darussalam Enterprise” means the Darussalam Enterprise established under section 3;

“Fund” means the Darussalam Enterprise Fund established under section 15;

Darussalam Enterprise 8

“government entity” includes —

(a)

the Government;

(b)

every entity that is wholly owned (whether directly or indirectly) and wholly controlled by the Government and their wholly owned subsidiaries;

“Managing Director” means the Managing Director of the Darussalam

Enterprise appointed under section 11(1) and includes any temporary

Managing Director;

“member” means any member of the Board;

“Minister” means the Minister responsible for the administration of this Act.

Part 2

Read on from Part 2

Part

Functions and Powers

Read on from Part

Part

Provisions Relating to Staff

Read on from Part

Part 5

Read on from Part 5

Part

General

Read on from Part

Schedules