Section 50K: Interpretation

50K. Interpretation In this Sub-part— “company” has the same meaning as in section 2 but does not include— (a) a company holding a Category 1 Global Business Licence under the Financial Services Act; (b) a bank holding a banking licence under the Banking Act, in respect of its income derived from its banking transactions with— (i) non-residents; or (ii) corporations holding a Global Business Licence under the Financial Services Act; (c) an IRS Company referred to in the Investment Promotion (Real Estate Development Scheme) Regulations 2007; and (d) a non-resident société, a Foundation, a trust or trustee of a unit trust scheme; “CSR” means Corporate Social Responsibility; “société”— (a) means a société formed under any enactment in Mauritius; and (b) includes— (i) a société commerciale [Issue 7] I5 – 42 Revised Laws of Mauritius (ii) a société de fait or a société en participation; (iii) a limited partnership; or (iv) a société or partnership formed under the law of a foreign country. [S. 50K inserted by s. 21 (d) of Act 14 of 2009 w.e.f. 1 July 2009; amended by s. 10 (c) of Act 20 of 2009 w.e.f. 1 July 2009; s. 51 (f) of Act 8 of 2012 w.e.f. 1 July 2012; s. 8 of Act 37 of 2011 w.e.f. 1 January 2013; s. 9 (h) of Act 26 of 2013 w.e.f. year of assessment commencing on 1 January 20105.]