Examples of Category 1 Global Business Licence in a sentence
This section shall not apply to a private company holding a Category 1 Global Business Licence or a Category 2 Global Business Licence unless the person is a shareholder, officer, management company or registered agent, of that company.
Amended by [Act No. 20 of 2002] (4) Except in the case of a company holding a Category 1 Global Business Licence or a Category 2 Global Business Licence, the stated capital of the company shall be expressed in Mauritius currency unless written approval to express the stated capital in another currency is obtained from the Registrar in the same manner as under section 213.
A corporation holding a Category 1 Global Business Licence shall at all times be administered by a management company.
Validity of Category 1 Global Business Licence or Category 2 Global Business Licence and effect of its revocation (1) A corporation holding a licence issued under section 72(6) shall pay to the Commission such annual licence fee as may be specified in the FSC Rules.
A corporation holding a Category 1 Global Business Licence shall be deemed to comply with subsection (1) where the audited financial statements are prepared in accordance with such internationally recognised accounting standards as may be agreed with the Commission from time to time.
Kotak Mahindra (International) Limited (“KMIL” or the “Company”) which was incorporated on 29th March, 1994 in Mauritius as a private company with limited liability holds a Category 1 Global Business Licence and is regulated by the Financial Services Commission.
Subject to the other provisions of this section, a resident corporation which proposes to conduct business outside Mauritius may apply to the Commission for a Category 1 Global Business Licence or a Category 2 Global Business Licence.
These objects will apply exclusively to business as defined with regard to global business in the Financial Services Act 2007, for which a Category 1 Global Business Licence is issued.
Companies which had obtained their Category 1 Global Business Licence on or before 16 October 2017, including the Company, have been grandfathered and would benefit from the deemed tax credit regime up to 30 June 2021.
The Company was incorporated in Mauritius on 30 October 2001 under the Companies Act 1984, now replaced by the Companies Act 2001, as a private company with liability limited by shares and holds a Category 1 Global Business Licence issued by the Financial Services Commission.