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Section 18: Investments

Ports Act · PART III: FINANCIAL PROVISIONS

consolidated text (as at 2014, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

18. Investments The Authority may, for the purposes of its business— (a) acquire or dispose of any undertaking or part of an undertaking; [Issue 1] P14 – 10 Revised Laws of Mauritius (b) subscribe for, acquire or dispose of shares or securities of any body corporate; (c) invest any sums not immediately required for the purposes of its business in any investment or loans; (d) realise any investments, securities or loans under its control in order to finance its operation or for the purpose of reinvestment; (e) make loans to other bodies subject to the approval of the Minister; (f) acquire any land or building wherever situated, or any interest therein; and (g) form or subscribe to the share capital of a company, or enter into a management contract with any company or other person, for the purpose of managing its investments. 19. —

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