Companies Act (Amendment) Order, 2019, Companies (Composition of Offences) Rules, 2019 and Companies (Corporate Governance) (Public Companies) (Amendment) Rules, 2019

The Ministry of Finance and Economy has announced that His Majesty the Sultan and Yang Di- Pertuan of Brunei Darussalam has consented for the introduction of the Companies Act (Amendment) Order 2019, Companies (Composition of Offences) Rules 2019, and Companies (Corporate Governance) (Public Companies) (Amendment) Rules 2019, which aimed to further strengthen the Companies Act, Chapter 39 in Brunei Darussalam with effect from the 1st of October 2019.

The amendments introduced are to further strengthen the Companies Act, Chapter 39 in relation to the compliance and corporate governance of a company with the legal requirements under the Act.

Further information regarding the (Amendment) Order 2019and Rules is available on 'www.mofe.gov.bn'. The hardcopy is available for sale at the Government Printing Department and can also be downloaded from the Attorney General's Chambers website at 'www.agc.gov.bn'.

Source: Radio Television Brunei