Mauritius
State of Jersey-Mauritius Foundation Act
Act 35 of 1972
- Commenced on 16 December 1972
- [This is the version of this document at 30 June 2017.]
1. Short title
This Act may be cited as the State of Jersey-Mauritius Foundation Act.2. Interpretation
In this Act—"Board" means the Board of Trustees of the Foundation referred to in section 6;"Foundation" means the State of Jersey-Mauritius Foundation established under section 3.3. Establishment of Foundation
There is established for the purposes of this Act the State of Jersey-Mauritius Foundation which shall be a body corporate.4. Object of Foundation
The object of the Foundation shall be to receive money donated or lent by the State of Jersey, Government of Mauritius or any other person and to apply any money so received by way of loan to any person, body or organisation which is, or is likely to become engaged, in the making or promotion of local handicraft.5. ***
6. Management of Foundation
The management of the Foundation and the exercise of any of its powers shall vest in a Board of Trustees.7. The Board
The members of the Board shall, at a meeting to be held in December in every year, elect from among themselves a Chairperson, a Secretary and a Treasurer who shall be the office-bearers of the Board for the following year.8. Vacancy in Board
Where a vacancy occurs in the Board through the death, incapacity or resignation of a member, the Prime Minister shall, as soon as may be after its occurrence, appoint a fit and proper person to fill the vacancy.9. Employees of Foundation
The Board may, for such purpose and on such terms as it thinks fit, appoint a person to act as an employee of the Foundation, and may dismiss or suspend a person so appointed.10. Remuneration
11. Validity of acts
An act performed, or a power exercised, by the Board, shall not be deemed to have been invalid or invalidly exercised, as the case may be, by reason only of a vacancy, but if at any time the number of members is reduced to less than 5, the Board shall not perform any act or exercise any power.12. Proceedings of Board
13. Duties of Secretary and Treasurer
14. Signature of documents
15. Committees
16. Application of funds
The property of the Foundation, or any funds or money of which the Foundation may become possessed, shall be applied towards the furtherance of the objects of the Foundation, and no portion of any such property, fund or money shall be distributed or transferred in any manner by way of dividend, bonus or otherwise.17. Accounts of Foundation
18. Annual report
19. Regulations
The Prime Minister may, after consultation with the Board, make such regulations as he thinks fit for carrying into effect the objects of the Foundation.20. Affiliation to other bodies
The Foundation may become affiliated to, or incorporated with, other corporate bodies having for their principal objects those of the Foundation.21. ***
22. Donations and legacies
Article 910 of the Code Civil Mauricien shall not apply to the Foundation.23. Exemptions
Notwithstanding any other enactment—History of this document
30 June 2017 this version
Consolidation
16 December 1972
Commenced