Development Bank of Zambia Act
ZambiaAct of Parliament
The Development Bank of Zambia Act is an Act of the Parliament of Zambia. It contains 31 sections. Read its sections below, or ask Levy any question about the Development Bank of Zambia Act and get an answer grounded in the Act with citations.
Sections of the Development Bank of Zambia Act
- S. 1This Act may be cited as the Development Bank of Zambia Act. Short title and
- S. 2In this Act, unless the context otherwise requries- Interpretation
- S. 3E stablishment
- S. 4(1) There shall be a Board of Directors which shall, subject to the other Board of Directors
- S. 5Q uorum and meetings of Board
- S. 6E stablishment of committees
- S. 7E mployment of Managing Director
- S. 8E mployment of staff
- S. 9A uthorised capital and its division of shares
- S. 10(1) Subject to the provisions of the next following subsections, the share capital Subscription and
- S. 11A dditional shares
- S. 12The business of the Bank shall be- Business of Bank
- S. 13L imitations on activities
- S. 14(1) The funds of the Bank shall consist of- Funds of Bank
- S. 15A pplication of funds
- S. 16F inancing of projects by Bank
- S. 17P rinciples for and limits on financing by Bank
- S. 18R epealed by No. 6 of 1975
- S. 19S afeguards for investment
- S. 20The Bank may invest all or any part of its funds not immediately required for Investment of funds
- S. 21R eserve funds and distribution of income
- S. 22F inancial year
- S. 23A ccounts and audit
- S. 24(1) The Board shall, not later than six months after the end of each financial Annual report
- S. 25The Board may make such rules, consistent with the provisions of this Act, as it Rules
- S. ISection I
- S. IISection II
- S. IIISection III
- S. IVSection IV
- S. VSection V
- S. VISection VI