Section 38

No company shall, unless the Minister otherwise approves in writing, be granted or hold a relevant licence if he is satisfied that 49% or more of its issued and paid-up capital is owned by or on behalf of a foreign source or that all or a majority of the persons having the direction, control or management of the company were appointed by or on behalf of the government of a country outside Brunei Darussalam or the agent of any such government.

Appeal under this Part.