Foundations (Amendment) Act 2020

FOUNDATIONS (AMENDMENT) ACT, 2020 (Act 7 of 2020) AN ACT to amend the Foundations Act (Cap 270). ENACTED by the President and the National Assembly.

1. This Act may be cited as the Foundations
   (Amendment) Act, 2020 and shall come into operation on such date as the Minister of Finance may appoint by Notice published in the Gazette. I assent Danny Faure President 6th April, 2020 [9th April 2020] Supplement to Official Gazette 71 Short title and commencement

Amendment of
Cap 270
2. Section 98 (1) of the Foundations Act is hereby
amended as follows —
(a) in paragraph (a), by repealing the words “or” after the words “for a Foundation;”;

(b) after paragraph (a), insert the following paragraph — “(aa) failed to maintain the register of beneficial owners under the Beneficial Ownership Act, 2020;”. I certify that this is a correct copy of the Bill which was passed by the National Assembly on 25th March, 2020. Mrs. Tania Isaac Deputy Clerk to the National Assembly 72 Supplement to Official Gazette [9th April 2020]