Insolvency Act · s 193

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193.
Winding up of unregistered companies
(1) Subject to the provisions of this Part, any unregistered company may be wound up under this Act; and all the provisions of this Act on winding up apply to an unregistered company with the exceptions and additions mentioned in subsections (2), (3) and (4).
(2) An unregistered company shall not be wound up under this Part unless it has a principal place of business situated in Brunei Darussalam.
(3) For the purposes of determining a Court’s winding up jurisdiction, an unregistered company is deemed to be registered in Brunei
Darussalam if it has a principal place of business situated in Brunei
Darussalam.

Insolvency 154
(4) The circumstances in which an unregistered company may be wound up are as follows —
(a) if the company is dissolved, or has ceased to carry on business, or is carrying on business only for the purpose of winding up its affairs;
(b) if the company is unable to pay its debts;
(c) if the Court is of opinion that it is just and equitable that the company be wound up.

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s 193Winding up of unregistered companies

(1)

Subject to the provisions of this Part, any unregistered company may be wound up under this Act; and all the provisions of this Act on winding up apply to an unregistered company with the exceptions and additions mentioned in subsections (2), (3) and (4).

(2)

An unregistered company shall not be wound up under this Part unless it has a principal place of business situated in Brunei Darussalam.

(3)

For the purposes of determining a Court’s winding up jurisdiction, an unregistered company is deemed to be registered in Brunei

Darussalam if it has a principal place of business situated in Brunei

Darussalam.

Insolvency 154

(4)

The circumstances in which an unregistered company may be wound up are as follows —

(a)

if the company is dissolved, or has ceased to carry on business, or is carrying on business only for the purpose of winding up its affairs;

(b)

if the company is unable to pay its debts;

(c)

if the Court is of opinion that it is just and equitable that the company be wound up.