Section 157: Repeal and savings

157. Repeal and savings (1) The following enactments are repealed— (a) the Stock Exchange Act; (b) the Unit Trust Act; (c) the Transfer of Shares and Debentures Act; (d) the following provisions of the Companies Act 1984, in so far as they continue to be in force by virtue of the Fifteenth Schedule to the Companies Act 2001— (i) sections 35, 36, 146, 177 to 182 and 325; and (ii) Sub-Part II of Part IV; (e) the Stock Exchange (Dealer’s Representatives’ Examinations) Regulations 1992; (f) the Stock Exchange (Stockbrokers’ Examinations) Regulations 1993; (g) the Stock Exchange (Licensing) Regulations 1989; (h) the Stock Exchange (Listing Committee) Regulations 1993; (i) the Companies (Purchase of Own Shares) Regulations 2001. (2) Notwithstanding the repeal effected by subsection (1)— (a) the Stock Exchange of Mauritius Ltd established under the repealed Stock Exchange Act shall continue to be in existence subject to Part III, Sub-Part B of this Act and the Companies Act; (b) the Stock Exchange established by the repealed Stock Exchange Act shall continue to be in existence subject to this Act; and (c) the Over the Counter Market established under the Stock Exchange (Over the Counter Market) Regulations 1990 shall continue to be in existence subject to this Act. (3) The provisions of this Act shall continue to apply up to 30 June 2021 to the holder of a valid Category 1 Global Business Licence or Category 2 Global Business Licence, issued on or before 16 October 2017, as if the provisions of this Act have not been amended on 9 August 2018. [Issue 10] S7 – 60 Revised Laws of Mauritius (4) The provisions of this Act shall continue to apply up to 31 December 2018 to the holder of a valid Category 1 Global Business Licence or Category 2 Global Business Licence, issued after 16 October 2017, as if the provisions of this Act have not been amended on 9 August 2018. [S. 157 amended by s. 40 of Act 15 of 2007 w.e.f. 28 September 2007; s. 63 (d) of Act 11 of 2018 w.e.f. 9 August 2018.]