Mauritius
State Trading Corporation Act
Act 24 of 1982
- Commenced on 6 December 1982
- [This is the version of this document at 30 June 2017.]
1. Short title
This Act may be cited as the State Trading Corporation Act.[S. 1 amended by Act 48 of 1991.]2. Interpretation
In this Act—"Board" means the Board referred to in section 5;"Chairperson" means the Chairperson of the Board;"Corporation" means the State Trading Corporation established under section 3;"General Manager" means the person appointed as such under section 10;"goods" means an article which is the subject of trade or business;"member" means a member of the Board and includes the Chairperson;"Minister" means the Minister to whom responsibility for the subject of commerce is assigned;"officer" means an employee of the Corporation and includes the General Manager.3. Establishment of Corporation
4. Objects of Corporation
The objects of the Corporation shall be to—5. The Board
6. Meetings of Board
7. Disclosure of interest by members
A member shall, in relation to a matter before the Board in which he has a direct or indirect interest, disclose at, or before, the meeting convened to discuss that matter, the nature of his interest, and shall not take part in a deliberation or decision of the Board relating to that matter.8. Attendance of General Manager
The General Manager shall attend every meeting of the Board, and may take part in its deliberations, but he shall not be entitled to vote on a matter before the Board.9. Delegation of powers
Subject to such instructions and rules of a general nature as it may give or make, the Board may delegate to the Chairperson or to the General Manager such of its powers under this Act as may be necessary to assist in the effective management of the Corporation, other than the power to—10. General Manager
11. Appointment of officers
12. Conditions of service of officers
The Board may make provision, in such form as it may determine, to govern the conditions of service of officers and in particular, to deal with—13. Protection from liability
No liability, civil or criminal, shall attach to a member or officer or to the Corporation in respect of a loss arising from the exercise in good faith by a member or an officer or the Corporation of his or its functions under this Act.14. Powers of Minister
The Minister may, in relation to the exercise of its powers by the Corporation under this Act, give such directions of a general character to the Corporation, not inconsistent with this Act, as he considers to be necessary in the public interest, and the Corporation shall comply with these directions.[S. 14 amended by Act 29 of 1988.]15. Capital of Corporation
16. Financial provisions
16A. Interest in agency or body of persons
The Corporation may, for the purpose of its activities, acquire or hold any interest in any other agency or body of persons, whether corporate or unincorporate.[S. 16A inserted by s. 50 (b) of Act 18 of 2016 w.e.f. 7 September 2016.]17. Borrowing powers
The Corporation may, subject to the approval of the Minister, raise or borrow funds on such terms and conditions as the Board may determine.18. Reserve Fund
19. Execution of documents
20. Transfer of assets and liabilities
21. Grant of State land
The Government may, on such terms and conditions as it thinks fit, grant to the Corporation an interest in or over State land.[S. 21 amended by Act 48 of 1991.]22. Exemption
Notwithstanding any other enactment, the Corporation shall be exempt from payment of duty, rate, charge, fee, tax or licence.23. Regulations
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History of this document
30 June 2017 this version
Consolidation
06 December 1982
Commenced