Section 105
Books and records, etc.
of International Business Companies Order, 2000
(1)
An IBC shall keep minutes of all meetings of, and copies of all resolutions consented to by –
(a)
directors;
(b)
members;
(c)
committees of directors;
(d)
committees of officers; and
(e)
committees of members.
(2)
The register, records and minutes required by this Order shall be kept at the registered office of the IBC within Brunei Darussalam.
(3)
An IBC shall keep an imprint of its common seal (if any) at its registered office.
(4)
An IBC shall keep a copy of every instrument creating a charge requiring registration under this order and at its registered office in Brunei Darussalam register of all mortgages and charges affecting any of its property, showing the property mortgaged or charged, the amount secured and the names of the mortgagees or, as the case may be, the persons entitled to the benefit of the charges.
(5)
The register of mortgages and charges referred to in subsection (4) may be in such form as the directors may approve but, if it is in a form which cannot be read by the human eye, the IBC must be able to produce legible evidence of its contents.
(6)
An IBC that wilfully contravenes this section shall be guilty of an offence and liable to a fine of ten thousand dollars and a further fine of one hundred dollars for each day on which the contravention continues after conviction.
Inspection of registers and other books and records.