A receiver means an independent person appointed as a receiver, receiver manager, or judgment receiver, in accordance with the Act, for a corporate or another person, for the protection or collection of property that is the subject of diverse claims, is litigated or has been litigated or income arising from the property of the corporate …
A business rescue practitioner means a person qualified in accordance with section 30 of the Corporate Insolvency Act and appointed as an administrator for purposes of business rescue proceedings. The company shall, after appointing a business rescue administrator file a Notice of appointment as receiver, liquidator, or business rescue administrator (Form I) with the Registrar …
How can my company be placed under business rescue? Read More »
How do I deregister a Business name? You will need to submit BN Form XIII – Notice of Cessation of Business must be lodged in duplicate. When doing so an applicant must ensure The Business Name must be compliant with Annual returns The Business Name should not have already been canceled from the register How …
Redistribution of shares comes in different forms Transfer of shares A share indicates the pecuniary interest of the shareholders and their rights and liabilities. Shares in a Company are freely transferable. For the purpose of transfer of shares, a prescribed Form must be completed. If an instrument of transfer of fully paid shares in a Company …
A company may, unless its articles provide otherwise, by special resolution, alter its share capital by increasing or reducing its share capital by new shares of such an amount as it thinks expedient. A reduction in share capital must be sanctioned by a court order. A Notice of Alteration in Capital (Form 11) and a …
I have a Business name what do I do in this case? For a business name, an applicant will be required to fill in form 3 and have it duly signed by the owner(s) of the business. Applicants must take into account that In all cases, the name of the business must be stated. The …
I would like to change my company name. What do I do? Read More »
A foreign company is required, within nine months after the end of each financial year, to lodge with the Registrar a prescribed form (Form 40) together with annual accounts and an auditors’ report corresponding as nearly as practicable with the annual accounts and auditors’ report in relation to the operations and assets in Zambia of …
How do I file annual accounts for my foreign company? Read More »
A Notice of Changes in the Shareholding and Beneficial Ownership (Companies Form 20) is filed to the Registrar by a company under section 21 of the Companies Act No. 10 of 2017. The Company’s form 20 is filed to the Registrar within 14 days whenever there are changes in the shareholding, beneficial ownership, or particulars …
How do I declare a change in Beneficial Owner or Shareholder? Read More »
You can view the details of your registered company or Business by requesting a Legal Entity Printout on the PACRA website or on the Government Service Bus website. The printout includes the name of the company, the date it was registered, its financial year-end, directors, partners, secretaries, shareholders, and beneficial owners. Take note that company …
Firstly you need to cease your business name What do I need to cease a Business Name? You need to complete a Notice of Cessation (Business Name Form XIII) The Business Name must be compliant with Annual returns How much will this cost me? Cessation – K83 Local Company Name Clearance –K90.00 Local Company Registration …
