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Mauritius - How to Acquire Shares in Another Company


Procedure

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Apply In-Person:

  1. To Acquire Shares in Another Company in person, the applicant has to approach the Registrar Of Companies Division link
  2. Applicant can download the application form from this link
  3. The applicant has to make sure that the share transfer form is properly filled, and all the required documents are attached.
  4. The applicant must provide the necessary documents such as a copy of the Memorandum and Articles of Association of the company, a copy of the Certificate of Incorporation, a copy of the company’s Certificate of Registration and the company’s share certificate and they can be found under the “Required Document” section of this page.
  5. The applicant must submit the share transfer form and documents to the Registrar Of Companies Division.
  6. The applicant has to wait for the approval of the transfer form and documents from the Registrar of Companies Division.
  7. The applicant must sign the share transfer form and get it stamped by the Registrar Of Companies Division.
  8. Once the share transfer form and documents are approved, the applicant has to deposit the amount corresponding to the number of shares being acquired into the company’s bank account.
  9. A fee for this procedure has to be paid as per the authority’s request.
  10. The applicant has to collect the share certificate from the Registrar Of Companies Division.
  11. Then the applicant has to register the shares with the Registrar Of Companies Division.
  12. The processing time for acquiring shares in another company takes between 4 and 6 weeks.


Apply Online:

  1. Applicant should go to the website link
  2. Once on the website, click on the ‘Register’ tab on the top right hand corner.
  3. Applicant should then fill out the details on the registration form and submit it.
  4. Once the registration is successful, the applicant should log in to the portal and click on the ‘Investment’ tab.
  5. Applicant should select the ‘Acquire Shares in Another Company’ option and upload the required documents such as the application form and the required documents for the company.
  6. Applicant should submit the application form and the required documents for the company.
  7. The applicant will receive an email notification from the stock exchange confirming the application and the required documents.
  8. The applicant should then follow the instructions given in the email and submit the application online.
  9. Once the application is accepted, the applicant will receive a confirmation email and the shares will be transferred to the applicant's account.





Required Documents

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  • Company registration documents.
  • Memorandum of Association
  • Articles of Association
  • Certificate of Incorporation
  • Certificate of Good Standing
  • Certificate of Registration with the Financial Services Commission
  • Shareholders Agreement
  • Share Certificate
  • Share Transfer Deed
  • Board Resolution authorizing the purchase of shares
  • Certified true copies of the Identity Documents of all shareholders
  • Bank Statements
  • Due Diligence Report
  • Audited Financial Statements of the company
  • Stock Exchange Listing Agreement (if applicable)






Office Locations & Contacts

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Registrar Of Companies Division
Corporate and Business Registration Department
Address: One Cathedrale Square Building,
Jules Koeing Street, Port Louis,
The Republic of Mauritius.
RGM4+V6 Port Louis, Mauritius
Tel No: + (230) 202-0600
Fax No: +(230) 212-4480
Email: comd@govmu.org
Location link
Contact link



Eligibility

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  • In Mauritius, any individual, company, or other legal entity may acquire shares in another company, provided they are legally compliant with the laws and regulations of the Mauritius Stock Exchange.
  • To be eligible, a potential shareholder must be registered with the proper authorities and abide by the rules and regulations of the Stock Exchange.
  • The potential shareholder must be in possession of a valid Mauritian identification document.




Fees

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  • A fee for this procedure has to be paid as per the authority’s request.




Validity

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  • Generally, there is no specific validity period for acquiring shares in another company.




Documents to Use

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Sample Documents

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Please attach sample completed documents that would help other people.




Processing Time

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  • The processing time for acquiring shares in another company takes between 4 and 6 weeks.




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Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.





Instructions

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  • Determine the company’s share class and the number of shares they wish to buy.
  • Contact a financial advisor for assistance in buying shares. They can help by providing advice on how to structure the purchase and how to get the best deal.
  • Research the company's financial statements and past performance to determine if it is a good investment.
  • Check the company’s stock exchange listing to determine the current share price and the number of shares available for purchase.
  • Contact the company’s registrar and transfer agent to ascertain the procedures for buying shares in the company.
  • Open an account with an approved broker to buy the shares.
  • Place an order to buy the shares in the company.
  • Make the payment for the shares.
  • The shares will be issued and sent to the registered address of the investor.




Required Information

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  • Applicant's full name and address
  • The name and address of the company in which shares are being acquired
  • The name of the individual or entity transferring the shares
  • The number of shares to be acquired
  • The date of the transfer
  • The amount of money paid or to be paid for the shares
  • The terms and conditions of the transfer
  • The source of funds used to purchase the shares
  • Any additional documents required for the transfer (e.g. Certificate of Incorporation, Memorandum and Articles of Association, Certificate of Registration etc.)
  • The signature of the applicant and the date of signature





Need for the Document

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  • Acquiring shares in another company in Mauritius can provide several benefits, such as access to an international market, a low corporate tax rate, and the potential to benefit from any appreciation in the value of the company’s shares.
  • Additionally, investing in another company in Mauritius may provide a hedge against currency fluctuations, as well as access to a host of other advantages such as an attractive regulatory environment and a skilled workforce.
  • Acquisitions can help companies expand their operations, increase their market share, diversify their portfolios, access new technology, and gain access to new customers and suppliers.
  • Acquiring shares in another company can provide a company with access to new sources of capital, reduce costs, and strengthen its competitive position.




Information which might help

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More information can be obtained link


Other uses of the Document/Certificate

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Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.





External Links

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Others

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More information which might help people.





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