Section 29: Liquidation of a protected cell company
consolidated text (as at 2013, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
29. Liquidation of a protected cell company
(1) Notwithstanding any other enactment, in the liquidation of a protected cell company, the liquidator—
(a) shall be bound to deal with the company’s assets in accordance
with the requirements of section 8 (2);
(b) in discharge of the claims of creditors of the company, shall apply the company’s assets to those entitled to have recourse in
conformity with this Act.
(2) Section 260 of the Companies Act 1984 relating to the distribution of
property on winding up shall apply to a protected cell company subject to such
modifications as may be necessary to bring then in conformity with this Act.
[Issue 1] P42 – 18
Revised Laws of Mauritius
PART VII – MISCELLANEOUS