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 · General
Finance Companies Act · 2021 Revised Edition · Part · General
Official textFrom Attorney General's Chambers, unchanged
Where any public or private company or firrn holds itself out to be a licensed finance company when it is not licensed under this Act, such company or firm is guilty of an offence against this Act and every director.
company
"company" means a company incorporated or registered under the Companies Act;
manager or every officer of such company and the proprietor or every partner or officer of such firm, unless he proves that such holding out by the company or firm was made without his knowledge or consent. is guilty of an offence and liable on conviction to a fine of $20,000 and imprisonment for 5
years.
Finance Companies
CAP. 89 39
company
"company" means a company incorporated or registered under the Companies Act;
director
"director" includes any person occupying the position of director of a finance company by whatever name called and includes a person in accordance with whose directions or instructions the directors of a finance company are accustomed to act and an alternate or substitute director;
finance company
"finance company" means any company licensed under this Act, to carry on financing business or Islamic financing business, and all branches and offices in Brunei Darussalam of such a company is deemed to be one finance company for the purpose of this Act: