Section 4: Incorporation or registration

4. Incorporation or registration (1) For the purposes of conducting a business activity specified in the Schedule and subject to such restrictions as are imposed therein— (a) a company may be incorporated under the Companies Act as a protected cell company; or; (b) a company established in a jurisdiction other than Maurititus may be registered by way of continuation as a protected cell company; or (c) an existing company may, if it is authorised by its constitution, be converted into a protected cell company. (2) For the purposes of this Act, a protected cell company shall, notwithstanding that it may create one or more cells, be a single legal person, and the creation by a protected cell company of a cell does not create, in respect of that cell, a legal person separate from the company. (3) The Minister may prescribe the procedure and conditions subject to which an existing company may be converted into a protected cell company under subsection (1) (c). [S. 4 amended by s. 46 (8) (d) of Act 13 of 2001 w.e.f. 1 December 2001; s. 362 (3) (c) of Act 15 of 2001 w.e.f. 1 December 2001; s. 132 of Act 21 of 2005 w.e.f. 28 September 2007; s. 97 (d) of Act 14 of 2007 w.e.f. 28 September 2007.]