Section 3: Transfer of undertaking
consolidated text (as at 2007). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
3. Transfer of undertaking
(1) The undertaking of the Government relating to the aerodrome at
Plaine Corail, Rodrigues, shall, on the appointed day, vest in the Company in
consideration of 99.99% of the shares of the Company being owned by the
Government of Mauritius.
C21 – 1 [Issue 1]
Civil Aviation (Transfer of Undertaking) (Rodrigues) Act
(2) For the purpose of this section, the undertaking shall be deemed to
consist of such assets, whether movable or immovable, as may, with the
approval of the Minister, be agreed upon between Government and the
Company.
(3) Any instrument required for the purpose of giving effect to subsection (1) shall be drawn up and signed by Government and the Company.
(4) There shall, on the appointed day, be vested in the Company such
contract, right, obligation, liability or arrangement subsisting in favour of or
against Government as may be specified in an agreement to be entered into
between Government and the Company before the appointed day.
[S. 3 amended by s. 6 of Act 23 of 2006 w.e.f. 25 November 2006.]