Regulatory Alerts2018-01-01
Companies (Special Licences) (Amendment) Act, 2018
President Danny Faure and the National Assembly enacted this amendment to the Companies (Special Licences) Act (Cap 253), which repeals section 21 and Schedule 2. The legislation mandates that existing licensed companies may continue applying the repealed provisions until June 30, 2021 unless they submit a written opt-out notice to the Authority. Furthermore, assets introduced after October 17, 2017 are explicitly excluded from this transitional framework, with the Act taking effect on January 1, 2019.
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