The Companies ACT, 2017

Act Number: 
No.10 of 2017

An Act to promote the development of the economy by
encouraging entrepreneurship, enterprise efficiency,
flexibility and simplicity in the formation andmaintenance
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.

Acts of Parliament (Post 1997)