National Savings and Credit Act
ZambiaAct of Parliament
The National Savings and Credit Act is an Act of the Parliament of Zambia. It contains 44 sections. Read its sections below, or ask Levy any question about the National Savings and Credit Act and get an answer grounded in the Act with citations.
Sections of the National Savings and Credit Act
- S. 1S hort title
- S. 2I nterpretation
- S. 3E stablishment of Bank
- S. 4(1) Save as to the appointment of the Chief Executive Officer as a member of the Board of Directors
- S. 5Q uorum and meetings of Board
- S. 6E stablishment of committees
- S. 7A ppointment and employment of general manager
- S. 8(1) The Board may, at such remuneration, on such terms and conditions and in Employment of staff
- S. 9The business of the Bank shall be- Business of Bank
- S. 10P ower to administer funds on behalf of any person or agency
- S. 11F unds of Bank
- S. 12A pplication of funds
- S. 13The Board may invest all or a part of the funds of the Bank not immediately Investment of funds
- S. 14The Board shall determine the financial year of the Bank. Financial year
- S. 15A ccounts and audit
- S. 16R egulations for deposits
- S. 17A ppointment of agents
- S. 18L oans to depositors
- S. 19L oans to persons other than depositors
- S. 20A ggregate amount of loans
- S. 21B oard or committee to exercise power to make loans
- S. 22I ssue of Zambia Savings Certificates
- S. 23B ank may impose conditions
- S. 24C ontrol, management, issue, etc., of Zambia Savings Certificates
- S. 25E stablishment of Zambia Savings Certificates Fund
- S. 26When an application for the repayment of any Zambia Savings Certificates is Repayment
- S. 27U nredeemed Zambia Savings Certificates
- S. 28M oneys from sale of Zambia Savings Certificates
- S. 29R eports and accounts
- S. 30I ssue of other savings certificates
- S. 31N on-disclosure of information
- S. 32(1) From the commencement of this Act, the Savings Bank shall exist only for Winding up of affairs
- S. 33V esting of assets and liabilities of Savings Bank in Bank
- S. 34R egistration of property to be transferred by Savings Bank
- S. 35T erms of service of employees on transfer to Bank
- S. 36R epeal on or from appointed date
- S. 37R egulations
- S. ISection I
- S. IISection II
- S. IIISection III
- S. IVSection IV
- S. VSection V
- S. VISection VI
- S. VIISection VII