Section 13:

13. One person companies and companies in which all shareholders are directors Where, at any time, the company for a continuous period exceeding 6 months is a one person company, or is a company in which all the shareholders also hold office as directors, then, for so long as such circumstance continues, the following provisions shall apply— (a) Issue of shares New shares may be issued by unanimous resolution signed by the shareholder/s having such rights and on such terms and conditions as may be set out in the resolution and a copy of the resolution shall be filed with the Registrar of Companies. (b) Meetings Separate meetings of shareholders and directors need not be held provided all matters required by the Act to be dealt with by a meeting of shareholders or a meeting of directors are dealt with by way of a unanimous resolution. [Second Sch. amended by GN 167 of 2001.] [Issue 1] C35 – 216 Revised Laws of Mauritius THIRD SCHEDULE [Sections 98 (1), 124 (4) and 356 (2)] FEES PAYABLE TO COMPANY Item Fee payable (Rupees)