Section 89: Joint venture
consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
89. Joint venture
(1) A society may, at a Special General Meeting, resolve to enter into a
joint venture with another business organisation registered in Mauritius or
any other country.
[Issue 9] C49 – 46
Revised Laws of Mauritius
(2) Every society that enters into a joint venture shall specify, in the joint
venture agreement, the sharing of the profit or loss, contribution of return on
capital, delegation of authority and responsibility for operations and other
decisions relating to the business.
(3) Every society that enters into a joint venture shall, for the purpose of
the joint venture agreement, maintain its separate entity.