Privatisation Act
ZambiaAct of Parliament
The Privatisation Act is an Act of the Parliament of Zambia. It contains 54 sections. Read its sections below, or ask Levy any question about the Privatisation Act and get an answer grounded in the Act with citations.
Sections of the Privatisation Act
- S. 1S hort title
- S. 2I nterpretation
- S. 3E stablishment of the Agency
- S. 4S eal of Agency
- S. 5C omposition of the Agency
- S. 6T enure of office and vacancy
- S. 7R emuneration and allowances of members
- S. 8F unctions of Agency
- S. 9P roceedings of Agency
- S. 10C ommittees of Agency
- S. 11D isclosure of interest
- S. 12D irector of the Agency
- S. 13(1) There shall be a Secretary to the Agency who shall be appointed by the Secretary and other
- S. 14D isclosure of interest by employees
- S. 15O ath of secrecy
- S. 16P rohibition of publication or disclosure of information by unauthorised persons
- S. 17P rivatisation of State owned enterprises
- S. 18G olden share
- S. 19A llotment of shares
- S. 20O bligations of holding companies and share holders
- S. 21O bligations of State owned enterprises
- S. 22M odes of privatisation
- S. 23V aluation of State owned enterprises
- S. 24E ligible buyer
- S. 25S ale of shares to an employee and consultant
- S. 26P olitical leaders
- S. 27D eclaration by a potential investor
- S. 28An established fund may, with a consent of the contributors, purchase shares Established fund
- S. 29(1) The Minister responsible for finance shall establish a Privatisation Trust Purchase of shares by
- S. 30F oreign investors
- S. 31M odes of payment of shares
- S. 32N egotiations for offer of sale
- S. 33The Agency may convert a State owned enterprise scheduled for privatisation, Conversion of private
- S. 34T rading in shares
- S. 35The Agency may liquidate a State owned enterprise in accordance with the Liquidation
- S. 36C onsummation of sale
- S. 37C ommercialisation of specified Government departments
- S. 38(1) The Agency shall publish by notice in the Gazette- Publication of
- S. 39U se of proceeds
- S. 40F unds of Agency
- S. 41F inancial year
- S. 42A ccounts
- S. 43A nnual report
- S. 44P rogress report
- S. 45V esting of property in Agency
- S. 46P rocurement of goods and services
- S. 47A rbitration
- S. 48P enalties for falsification of information
- S. 49R egulations
- S. 50All leases and agreements entered into in relation to enterprises to be Prior leases and
- S. ISection I
- S. IISection II
- S. IIISection III
- S. IVSection IV