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Section 3A: Interest in agency or body of persons restricted

Statutory Bodies (Accounts And Audit) Act

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

3A. Interest in agency or body of persons restricted (1) Except where otherwise expressly provided in the enactment establishing or setting up a statutory body, the statutory body shall not— (a) establish or create any agency or body of persons, whether corporate or unincorporate; (b) acquire or hold any interest in any other agency or body of persons, whether corporate or unincorporate. (2) Any agency or body of persons referred to in subsection (1) established or created prior to 16 April 2009 shall be dissolved or wound up and the assets and liabilities taken over by the statutory body not later than 1 January 2011, unless the Minister approves otherwise. (3) A statutory body which holds an interest in any agency or body of persons referred to in subsection (1) shall, not later than 1 January 2011, dispose of such interest, unless the Minister approves that it may continue to do so. [S. 3A inserted by s. 22 (b) of Act 1 of 2009 w.e.f. 16 April 2009.] [Issue 10] S39 – 2 Revised Laws of Mauritius

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