Section 305: Companies that cannot transfer incorporation

305. Companies that cannot transfer incorporation (1) A company shall not be removed from the register of companies under section 306 where— (a) the company is in liquidation or an application has been made to the Court under section 216 of the Companies Act 1984 to put the company into liquidation; [Issue 7] C35 – 180 Revised Laws of Mauritius (b) a receiver or manager has been appointed, whether by a Court or not, in relation to the property of the company; (c) the company has entered into a compromise with creditors or class of creditors under Part XVII or a compromise has been proposed under that Part in relation to the company; or (d) a compromise has been approved by the Court under Part XVII in relation to the company or an application has been made to the Court to approve a compromise under that Part. (2) No company shall be removed from the register under section 306 unless the company, immediately before its removal, satisfies the solvency test.