Insolvency Act · 2022 Revised Edition · Chapter VIII
165. Notification that company is in liquidation
Official textFrom Attorney General's Chambers, unchanged
When a company is being wound up, whether by the Court or voluntarily —
company
“company” means a company incorporated or registered under the Companies Act;
every invoice, order for goods or services, business letter or order form (whether in hard copy, electronic or any other form) issued by or on behalf of the company, or an officer or a liquidator of the company, or a receiver or a judicial manager of the property of the company, and
all the company’s websites, must contain a statement that the company is being wound up.
A company and any officer or liquidator of the company and any receiver or judicial manager who knowingly and wilfully authorises or permits the non-compliance of this section is guilty of an offence and liable on conviction to a fine not exceeding $10,000, and, in the case of a continuing offence, with a further fine not exceeding $500 for every day or part thereof during which the offence continues after conviction.
Terms defined in this Act
company
Defined · s 3“company” means a company incorporated or registered under the Companies Act;
Court
Defined · s 3“Court”, in relation to a company, means a court having jurisdiction to wind up the company;
property
Defined · s 3“property”, in relation to a company, includes money, goods, things in action and every description of property, whether real or personal, and whether in Brunei Darussalam or elsewhere, and also obligations and every description of interest whether present or future or vested or contingent arising out of, or incidental to, property.
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