Brunei Malay Silversmiths Guild (Incorporation) Act

There shall be constituted a body corporate under the name of "the Brunei Malay Silversmiths Guild"

(hereinafter in this Act called "the Guild").

The Guild may sue or be sued in its name and shall have perpetual succession and may enter into contracts and may acquire, purchase, lease, take, hold and enjoy movable and immovable property of every description, and, subject as hereinafter provided and to any rules made pur-suant to section 7, and to the provisions of any other written law, may sell, convey, assign, surrender and yield up, mort-gage, demise, reassign, transfer or otherwise dispose of any movable or immovable property vested in the Guild upon such terms as to the Guild may seem fit.

Until a seal is provided under this section, a stamp bearing the inscription "Brunei Malay Silversmiths

Guild" may be used as the common seal.

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Silversmiths Guild (Incorporation)

to establish and maintain a place of business in Bandar Seri Begawan, and, if necessary, bran-ches thereof in Brunei, for the disposal of articles produced or obtained by the work or industry of its members, being Brunei Malay silversmiths qual-ified in accordance with rules made under section 7;

to erect buildings on any immovable proper-ty of the Guild, for the purposes of the business or branches thereof, or for the purpose of developing the property of the Guild, and to maintain, repair, alter and reconstruct any such buildings;

to receive and disburse for the proper purposes of the Guild all sums available for those purposes, whether provided from public funds or contributed by any person, and all sums received in payment of goods or services;

to . raise the standard of craftsmanship among its members;

to ensure the proper training in silver work of an adequate number of young Brunei Malay persons;

to take all necessary steps to safeguard the interests of members of the Guild;

to promote all aspects of the business of the

Guild; and

such other purposes as may be provided for by rules made under section 7.

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Silversmiths Guild (Incorporation)

All deeds, documents or other instruments re-quiring the seal of the Guild and having received the approval of a majority of the Committee shall be sealed with the common seal of the Guild in the presence of 2 members of the Committee, who shall sign every such deed, docu-ment or other instrument to which the common seal is affixed, and such signing shall be sufficient evidence that the seal was duly and properly affixed and that it is the lawful seal of the Guild.

Any contract or instrument which, if entered into or executed by a person not being a body corporate, would not require to be under seal, may be entered into or ex-ecuted on behalf of the Guild by a person generally or spe-cially authorised by it for that purpose.

Execution of document<.

to fix the qualifications for membership of the Guild and the amount of share capital and the number of shares that a member shall purchase and also to regulate the sale or surrender of shares;

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Silversmiths Guild (Incorporation)

to regulate the constitution and proceedings of the Committee, the calling of meetings, the quorum necessary for the transaction of business, the voting of the members of the Committee, and the procedure for the transaction of business;

for the appointment of sub-committees;

for the appointment and remuneration of a secretary;

to allocate duties to, and to regulate the exercise of executive power by, the Committee, sub-committees and the officers of the Guild;

to regulate the keeping and presentation of accounts;

to regulate the conduct of any branches maintained or established by the Guild and the admission of members;

to r.egulate the appointment, conduct or dis-missal of officers and servants of the Guild;

( i) to regulate the share capital of the Guild and the number of shares that a member shall purch-ase;

to fix responsibility for loss sustained or liability incurred by the Guild;

( k) to regulate the winding up of the Guild in the event of bankruptcy;

to regulate the sale of products by members of the Guild;

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Silversmiths Guild (Incorporation)

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to provide for the appointment of a Board of Examiners and its functions; and

generally to carry out the objects and gener-al purposes of the Guild and of this Act.