Section 2: Interpretation

2. Interpretation In this Act— “appropriate authority” includes any Ministry or Government department, local authority, statutory body or the Rodrigues Regional Assembly; “Category 1 Global Business Licence” means a Category 1 Global Business Licence issued under the Financial Services Act; “CBRIS” has the same meaning as in the Companies Act; [Issue 9] L15A1 – 2 Revised Laws of Mauritius “Commission” means the Financial Services Commission established under the Financial Services Act; “Court” means the Bankruptcy Division of the Supreme Court; “financial summary” means the financial summary referred to in section 40; “foreign limited liability partnership” means a partnership— (a) constituted under the law of a country other than Mauritius; (b) in which the partners have limited liability; and (c) registered as such under this Act; “Global Legal Advisory Services licence” means the licence referred to in section 77A (1) of the Financial Services Act; “limited liability partnership”— (a) means a limited liability partnership constituted or continued in Mauritius; and (b) includes a foreign limited liability partnership registered as a foreign limited liability partnership under this Act; “liquidator” has the same meaning as in the Insolvency Act; “local authority” has the same meaning as in the Local Government Act; “manager” means the manager referred to in section 38; “Minister” means the Minister to whom responsibility for the subject of finance is assigned; “officer” means a director, associate, trustee or any other natural person or a manager involved, directly or indirectly, in the management of a partner or a limited liability partnership; “partner”, in relation to a limited liability partnership, means any person who has been admitted as a partner in the limited liability partnership in accordance with its partnership agreement; “partnership agreement” means an agreement, in writing, between the partners of a limited liability partnership which determines— (a) the manner in which the affairs of the limited liability partnership shall be conducted; and (b) the mutual rights and duties of the partners and their rights and duties in relation to the limited liability partnership; “partnership interest” means the interest of a partner in a limited liability partnership in respect of the profit, capital, voting and other rights, benefits or obligations to which he is entitled or subject under this Act or the partnership agreement; L15A1 – 3 [Issue 9] Limited Liability Partnerships Act “receiver” has the same meaning as in the Insolvency Act; “register” means the register of limited liability partnerships referred to in section 25; “Registrar” means the Registrar of Limited Liability Partnerships referred to in section 5; “resident” means— (a) a natural person who resides in Mauritius; or (b) an entity incorporated, registered or established under the laws of Mauritius; “service address”— (a) means the address at which documents may be served; and (b) includes the address of a registered office; “wrongful act or omission” includes any act or omission— (a) amounting to dishonesty, fraud, breach of fiduciary duty or gross negligence; or (b) in breach of any enactment.