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Section 3: Establishment of Bank of Mauritius

Bank of Mauritius Act · PART II: CONSTITUTION OF BANK

consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

3. Establishment of Bank of Mauritius (1) The Bank of Mauritius established under the repealed Bank of Mauritius Act shall be deemed to have been established under this Act. (2) The Bank shall— (a) be a body corporate with perpetual succession; [Issue 9] B2 – 4 Revised Laws of Mauritius (b) have a common seal; and (c) be capable of entering into contracts, of acquiring, holding and disposing of property, whether movable or immovable, and of suing and being sued. (3) Subject to this Act, the Bank shall, in the furtherance of its objects, perform its functions independently. (4) Subject to this Act, the Companies Act and the Banking Act shall not apply to the Bank.

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