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Section 15: Delegation of powers

Financial Reporting Act · PART II: ESTABLISHMENT OF FINANCIAL REPORTING COUNCIL

consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

15. Delegation of powers (1) Subject to subsections (2) and (3), the Council may delegate to the Chief Executive Officer, or a technical committee of the Council consisting of employees, such of its functions and powers under this Act as may be necessary to assist in the effective management of the Council, except— (a) the power to enter into any transaction in respect of capital expenditure of an amount exceeding one million rupees; and (b) the powers of the Council referred to in section 6 (2) (b), (d) and (f). (2) Subject to subsection (3), no document relating to any transaction referred to in subsection (1) (a) shall be executed or signed by or on behalf of the Council unless it is signed by the Chairperson, or in his absence, by any other member appointed by the Council for that purpose, and the Chief Executive Officer. (3) In the absence of the Chief Executive Officer, the functions and powers delegated to him under subsection (1) shall be exercised by such employee as may be designated by the Council for that purpose. (4) The Council may withdraw or amend the delegation of its powers and functions made under subsection (1). [Issue 2] F9 – 10 Revised Laws of Mauritius

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