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Zambia (206) > General provisions (61)

Name: Companies Act, 2017 (No. 10 of 2017).
Country: Zambia
Subject(s): Civil, commercial and family law
Type of legislation: Law, Act
Adopted on: 2017-11-20
Entry into force:
ISN: ZMB-2017-L-107880
Bibliography: Printed Separately, 2019, International Labour Organization PDF PDF (DOC.NORMES)
Abstract/Citation: An Act to promote the development of the economy by encouraging entrepreneurship, enterprise efficiency, flexibility and simplicity in the formation and maintenance of companies; provide for the incorporation, categorisation, management and administration of different types of companies; provide the procedure for the approval of company names, change of name and conversion of companies; provide for shareholders‘ rights and obligations, the conduct of meetings and the passing of resolutions by shareholders; to encourage transparency and high standards of corporate governance by providing for the functions and obligations of company secretaries and directors; provide for issue of shares, share capital requirements, procedures for alteration and reduction of share capital and disclosure requirements of companies; provide for the public issue of shares, the issue and registration of charges and debentures; incorporate financial reporting provisions, maintenance of accounting records, and access to financial information of companies; provide for amalgamations; provide for the registration of foreign companies doing business in Zambia; provide for the deregistration of companies; repeal and replace the Companies Act, 1994; and provide for matters connected with or incidental to the foregoing.

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