Mauritius Company Law - Mauritius Companies Act 2001

The Mauritius have a series of company laws which are defined in the Maurituis Companies Act 2001. You will find below the key extracts from the Maurituis Companies Act along with the full act.

§32. Company Name

Where the liability of the shareholders of a company is limited, the registeredname of the company shall end with the word "Limited" or the word "Limitée" or the abbreviation "Ltd" or "Ltée".

§35 (1) No company including a foreign company shall be registered under a name which is identical with that of an existing company

(2) Except with the Minister’s written consent, no company including a foreign company shall be registered under a name which includes - the word “Authority”, “Corporation”, “Government”, “Mauritius”, “National”, “President”, “Presidential”, “Regional”, "Republic", “State”, or any other word which in the Registrar’s opinion suggests, that it enjoys the patronage of the Government or of a statutory corporation, or of the Government of any other State;

§187. Registered Office

Every company shall always have a registered office in Mauritius to which all communications and notices may be addressed and which shall constitute the address for service of legal proceedings on the company;

§42. Constitution

For the purposes of this Act, the constitution of a company shall -

  • be, a document certified by the applicant for registration of the company as the company's constitution;
  • in the case of a private company incorporated under Part III, be, subject to section 40, the constitution set out in the Second Schedule;
  • in the case of an existing company, be the memorandum and articles of association as originally registered or as altered in accordance with the Companies Act 1984 or the Companies Act 1913 provided that any statement of objects in the memorandum shall, from the commencement of this Act, have the effect stated in section 28;
  • be a document that is adopted by the company as its constitution under section 44;
  • be a document referred to in section 45; or
  • be a document referred to in any of the preceding paragraphs as altered by the company under section 44 or varied by the Court under section 178.

§132. Directors

(1)A company shall appoint a natural person as director.

(2) No person shall be appointed, or hold office, as a director of a company if he is a person who-

  • is under 18 years of age;
  • is an undischarged bankrupt;
  • would, but for the repeal of section 117 of the Companies Act 1984, be prohibited from being a director or promoter of, or being concerned or taking part in the management of, a company within the meaning of that Act;
  • is prohibited from being a director or promoter of or being concerned or taking part in the management of a company under sections 337 or 338;
  • is not a natural person;
  • has been adjudged to be of unsound mind;
  • by virtue of the constitution of a company, does not comply with any qualifications for directors;

§100. Shareholders

(1) Subject to the constitution of a company, a shareholder shall not be liable for an obligation of the company by reason only of being a shareholder.

(2) Subject to the constitution of a company, the liability of a shareholder to the company shall be limited to -

  • any amount unpaid on a share held by the shareholder;
  • any liability that arises pursuant to section 128(2)(c);
  • any liability to repay a distribution received by the shareholder to the extent that the distribution is recoverable under section 66;
  • any liability expressly provided for in the constitution of the company;

§46. Share Types

(1) A share in a company shall be a movable property.

(4) Subject to the constitution of the company, different classes of shares may be issued in a company.

(5) Without limiting subsection (4), shares in a company may -

  • be redeemable in accordance with section 76;
  • confer preferential rights to distributions of capital or income;
  • confer special, limited, or conditional voting rights; or
  • not confer voting rights.

§48. Share Capital

(1) A company shall maintain a stated capital account for each class of shares it issues in which it shall enter the stated capital in relation to that class of shares.

(2) A company shall not reduce its stated capital except as provided under section 62.

(3) The provisions of this Act relating to stated capital shall not apply to a company which is an investment company including an authorised mutual fund.

§320. Company Restoration

The Court may, on the application of a shareholder or director, creditor or liquidator , order that a company that has been removed from the register of companies be restored to the register on payment of the prescribed fee where the Court is satisfied that at the time the company was removed from the register -

  • the company was still carrying on business or other reason existed for the company to continue in existence;
  • the company was a party to legal proceedings;
  • the company was in receivership, or liquidation, or both;
  • the applicant was a creditor, or a shareholder, or a person who had an undischarged claim against the company;
  • the applicant believed that a right of action existed, or intended to pursue a right of action, on behalf of the company under Part XII ;
Ask System Day
only required if you wish us to call you back