Mauritius provides a flexible legal framework for the establishment and running of PCCs and it has become a very popular vehicle  for an investment entity with various investment portfolios, where each has its own investment strategy and profile.The Mauritian PCC structure is even more attractive when investors differ between each portfolio.

On the one hand, shares will be issued for the Core and these will carry the voting rights, and on the other hand, there will be cellular shares issued for each Cell and which do not carry voting rights. The is only one core while there may be unlimited cells. Each cell has its own name or designation. The core cell is managed by a Board of Directors.

Each cell has assets and liabilities attributed to it, and its assets cannot be used to meet the liabilities of any other cell and therefore limits the claim of a creditor against assets of the cell it has contracted with. There is a legal segregation of net assets attributable to each cell of the company. Hence, the cellular assets attributable to a particular cell will only be affected by the liabilities of the company arising from transaction attributable to that cell.

Under the PCC Act, a PCC is a single legal person. The formation of a cell by a PCC does not create, in respect of that cell, a legal person separate from the company. For instance, a cell cannot be transferred out or sold, it is the assets that can be transferred out.