In force2021 Revised EditionCurrent version · 2021 Revised EditionSee versions on Attorney General's Chambers(opens the publisher’s site)
Finance Companies Act · 2021 Revised Edition · Part · Regulation of Business
Finance Companies Act · 2021 Revised Edition · Part · Regulation of Business
Official textFrom Attorney General's Chambers, unchanged
Any company which, before 1 st August 1973, being the date of the coming into operation of this Act, had entered into any transaction prohibited by the provisions of sections 18, 19, 20, 21 and 22 shall, if it is licensed under this Act -
company
"company" means a company incorporated or registered under the Companies Act;
within 6 months of that date, submit a statement of those transactions to the Authority; and
Authority
"Authority" means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010 (S 103120 10); [S 1 7/2 02 I]
furthermore within that time, or such further time as the
Authority may specify, liquidate those transactions or failing liquidation of those transactions be subject to the restrictions specified in sections 18, 19,20,21 and 22 and be bound accordingly to dispose of any movable or immovable property. or any right. title or interest therein as may have been acquired as a result of those prohibited transactions.
Authority
"Authority" means the Brunei Darussalam Central Bank established by the Brunei Darussalam Central Bank Order, 2010 (S 103120 10); [S 1 7/2 02 I]
company
"company" means a company incorporated or registered under the Companies Act;
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