Section 49:

49. Financial statements to be presented in Mauritius currency (1) Subject to the other provisions of this section, a limited partnership shall present its financial statements in Mauritius currency. (2) The Registrar may approve the presentation by a limited partnership of its financial statements in a foreign currency where he is satisfied— (a) that the principal operational activity of the limited partnership during the accounting year in question has been undertaken in that foreign currency; and [Issue 4] L15A – 30 Revised Laws of Mauritius (b) that the presentation of the financial statements in that foreign currency shall result in the financial statements providing a more faithful view of the affairs of the limited partnership than by presentation in Mauritius currency. (3) Where approval is given by the Registrar under subsection (2), the limited partnership shall provide in a note to the balance sheet a statement of the average exchange rate on balance sheet date as provided by the Bank of Mauritius. (4) A limited partnership which, with the approval of the Registrar, presents its financial statements in a foreign currency shall not revert to presentation of its financial statements in Mauritius currency, or any other foreign currency without first obtaining the further approval of the Registrar and where such approval is given, it shall state in a note to the financial statements the reason for the change in the currency in which the financial statements are presented.