Section 51A: Balance of payment
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.
51A. Balance of payment
(1) The Bank shall be responsible for the preparation of the balance of
payment accounts and the external assets and liabilities position of Mauritius.
(2) The Bank may, by notice in writing, require any person to furnish,
within such time and in such form and manner as the Bank may determine,
such information and data as the Bank may require for the preparation of the
balance of payment accounts and the external assets and liabilities position
of Mauritius.
(3) Where the Bank issues a notice to a person under subsection (2), the
person shall comply with the notice.
B2 – 26 (1) [Issue 9]
Bank of Mauritius Act
(4) The Bank shall not publish any information furnished under subsection (2) without the written consent of the person.
(5) Where any person—
(a) fails to comply with a requirement under subsection (2);
(b) for the purposes of this section—
(i) knowingly furnishes information which is false or misleading in any material particular; or
(ii) wilfully or recklessly withholds any material information,
the Bank may impose such penalty or charge not exceeding 50,000 rupees
for each day on which such breach occurs and such penalty may be recovered by deduction from any balance of or money owing to the Bank, as if it
were a civil debt.
[S. 51A amended by s. 3 (b) of Act 17 of 2007 w.e.f. 22 August 2007; s. 3 (b) of Act 18 of
2008 w.e.f. 19 July 2008; s. 2 (g) of Act 27 of 2013 w.e.f. 21 December 2013.]
continued on page B2 – 27
[Issue 9] B2 – 26 (2)
Revised Laws of Mauritius