Section 50: Denomination of share capital

50. Denomination of share capital (1) Subject to subsection (2), any share having a par value issued under section 47 (7) shall be denominated in Mauritius currency. (2) Any share of par value issued under section 47 (7) may, with the approval of the Registrar, be designated in any foreign currency but shall otherwise be designated in Mauritius currency. (3) Where a company has denominated its share capital in accordance with subsection (2), it shall, within 14 days of the date of such denomination, file with the Registrar a notice to that effect. (4) Where the share capital of a company is denominated in a foreign currency, it shall not, without the prior approval of the Registrar, change the denomination into another currency.