CategoriesNewsletters

Vol 5 Issue 3 – ICAEW

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ntercontinental Trust Limited (“ITL”) is proud to announce that it has been granted Authorised Training Employer (“ATE”) status by the Institute of Chartered Accountants in England and Wales (“ICAEW”). ITL is the first Management Company in Mauritius to be granted such a status…
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CategoriesNewsletters

Vol 5 Issue 2 – New requirements for GBC2

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…with regards to changes brought by the Finance Act 2009 and the new procedures established by the Financial Services Commission (“FSC”) with respect of a Category 2 Global Business Company (“GBC2”),we are pleased to let you have the following updates…
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CategoriesNewsletters

Vol 5 Issue 13 – New Licence Fees

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The Financial Services Commission has, under the Financial Services (Consolidated Licensing and Fees) (Amendment) Rules 2011, revised the annual fees and charges for late payment for Global Business Companies holding a Category 1 Licence…
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CategoriesNewsletters

Vol 4 Issue 4 – Duties of directors

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A director of a Mauritian company must, as from the date of his appointment, comply with certain duties and obligations as set out under the Companies Act 2001 of Mauritius (the “Act”). These duties and obligations will apply in the same way to ‘alternate directors’. Similarly, directors are also bound…
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CategoriesNewsletters

Vol 5 Issue 12 – The 2011 Ibrahim Index

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For the fifth consecutive year, Mauritius is ranked No 1 over 53 African countries in the Ibrahim Index. This index provides a comprehensive ranking of African countries according to governance quality. Over the 86 indicators compiled, Mauritius achieved an overall score of 82.5 over 100 compared to the continental average of 50.4. Our attached newsletter provides you with a summary of the …
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CategoriesNewsletters

Vol 4 Issue 3 – CIS Regulations

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The Securities (Collective Investment Schemes and Closed-end Funds) Regulations 2008 (“CIS Regulations”) made under the Securities Act 2005 came into force on the 10th May 2008 and provide for the rules governing Collective Investment Schemes…
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CategoriesNewsletters

Vol 5 Issue 11 – Introduction of Limited Partnerships in Mauritius

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The Limited Partnership Bill has received Parliamentary assent on 18 October 2011. Upon the said Bill receiving Presidential Assent and being duly Gazetted, the option of setting Limited Partnership/s will be available to all players/ investors wishing to structure their investments through Mauritius…
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CategoriesNewsletters

Vol 4 Issue 2 – New licensing fees

[description]The Financial Services Commission (“FSC”) has, under the Financial Services (Consolidating and Licensing) Rules 2008, published on the 22nd March 2008, a new schedule of fees that will be applicable to the licensing of global business and financial services activities…[/description]

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CategoriesNewsletters

Vol 4 Issue 1 – FSA

[description]The Financial Services Act 2007 (“The FSA”) came into force on the 28th September 2007. As the Minister of Finance and Economic Development stated in parliament, the FSA is aimed primarily at…[/description]

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