Section 295: Companies Supervisory Committee

295. Companies Supervisory Committee (1) There shall be established for the purposes of this Sub-part a Companies Supervisory Committee, comprising— (a) one member appointed by the Financial Services Commission; (b) one member appointed by the Bank of Mauritius; (c) 3 members from the private sector appointed by the Minister, one of whom shall be a senior officer of a bank, one being an auditor and one being an economist with experience in insolvency matters; (d) the Registrar of Companies; (e) the Director or his representative. I14 – 161 [Issue 3] Insolvency Act (2) The Minister shall appoint one of the members of the Companies Supervisory Committee to be Chairperson of that Committee. (3) The Companies Supervisory Committee shall meet at such time and place as shall be needed for the purpose of its business as the Chairperson thinks fit. (4) The Companies Supervisory Committee shall regulate its own proceedings.