Mauritius
Government Guarantees (Development Purposes) Act
Act 44 of 1970
- Commenced on 3 December 1970
- [This is the version of this document at 30 June 2017.]
1. Short title
This Act may be cited as the Government Guarantees (Development Purposes) Act.2. Interpretation
In this Act—"development purposes" means purposes which, in the opinion of the Minister, promote the economic development of Mauritius;"Minister" means the Minister to whom responsibility for the subject of finance is assigned;"resident" includes any body corporate, society, syndicate or partnership which is resident in Mauritius.3. Guarantee of money borrowed
4. Submission of financial statements
The Minister may require any resident who has borrowed money the repayment of which is wholly or party guaranteed by Government, by notice in writing, to submit, in such form as may be required by the Minister, an annual financial statement regarding the money so borrowed.5. Exemption from duty
Any instrument executed under section 3 shall be exempt from stamp duty or registration dues.History of this document
30 June 2017 this version
Consolidation
03 December 1970
Commenced