Section 16: Audited financial statements of protected cell company
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.
16. Audited financial statements of protected cell company
(1) Notwithstanding sections 210 and 211, a company incorporated under
the Protected Cell Companies Act may, at any time, by giving irrevocable notice
in writing simultaneously to the Registrar and to the Director-General, elect to
present separate financial statements in respect of each of its cells in accordance
with and in compliance with International Accounting Standards, or any other
internationally accepted accounting standards.
(2) Where a company makes an election under subparagraph (1), it shall
present separate financial statements in respect of each of its cells as from the
accounting period in respect of which the notice is given.
(3) In subparagraph (1)—
“Director-General” means the Director-General of the Mauritius Revenue
Authority established under the Mauritius Revenue Authority Act.
[Issue 10] C35 – 242
Revised Laws of Mauritius