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Contents

Part II

Section 6

(1)

An application for licence -

(a)

shall be made in writing by the applicant company to the Authority;

(b)

shall be accompanied by -

(i)

the application fee specified in Part I1 of the Second Schedule, which fee shall not be refunded;

(ii)

the particulars specified in Part I of the Second Schedule; and

(iii)

the issue fee specified in Part I1 of the Second Schedule, which fee shall be refunded if the application is refused.

(2)

The Authority may by written notice require the applicant or any controller of the applicant to provide additional information or documents

(whether relating to the applicant, his business or any controller of the applicant or otherwise) as the Authority may reasonably require for the purpose of determining the application, verified in such manner as the Authority may specify.

(3)

Requirements imposed under subsection (1) or subsection (2) may differ between different applications or different classes of applicant.

(4)

The Authority may refuse to grant a licence to an applicant who carries on business under a name, or may require as a condition of the grant of a licence to change any such name, which is -

(a)

identical to that of any other person, whether within or outside

Brunei Darussalam, or which so nearly resembles that name as to be likely or calculated to deceive or create confusion as to the source of services rendered;

(b)

such as to suggest falsely the patronage of or connection with some person whether within or outside Brunei Darussalam;

(c)

calculated to suggest falsely that he has special status in relation to or derived from the Government or has the official approval of, or acts on behalf of, the Government or of any of its departments or officials; or

(d)

unacceptable to the Registrar of Companies or the Registrar of

International Business Companies.

Eligibility to apply for licence.

Report