Section 2: Interpretation

2. Interpretation In this Act— “enterprise” means a trade or business for the supply of goods or services employing 20 or more persons; “merger” means an arrangement or transaction by which 2 or more enterprises, at least one of which is operating in Mauritius or is under the control of a body corporate registered in Mauritius— (a) are brought under common ownership or control and cease to exist as distinct enterprises whether or not— (i) any one of them ceases to operate; or (ii) the enterprise to which any one of them formerly belonged continues to operate under the same or different ownership or control; or (b) combine the whole or part of their activities whether under a distinct designation or otherwise; “Minister” means the Minister to whom responsibility for the subject of finance is assigned; “new enterprise” means the enterprise created as a result of a merger.