Laws of Zambia ActiveAgricultural Credits Act
Official PDF Document Download
Read full text
The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia REPUBLIC OF ZAMBIA THE AGRICULTURAL CREDITS ACT CHAPTER 224 OF THE LAWS OF ZAMBIA CHAPTER 224 THE AGRICULTURAL CREDITS ACT THE AGRICULTURAL CREDITS ACT ARRANGEMENT OF SECTIONS PART I PRELIMINARY Section 1. Short title 2. Interpretation PART II AGRICULTURAL CHARGES 3. Agricultural charges on farming stock and assets 4. Effect of fixed charge 5. Effect of floating charge 6. Notice of agricultural charge 7. Supplemental provisions as to agricultural charges 8. Registration of agricultural charges 9. Restriction on publication of agricultural charges 10. Frauds emental provisions as to agricultural charges 8. Registration of agricultural charges 9. Restriction on publication of agricultural charges 10. Frauds The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia PART III VALIDITY OF CONTRACTS FOR ADVANCES ON I NPUTS AND O THER I TEMS 11. Validity of contracts 12. Failing to make full disclosure of cost of inputs or other items and interest, etc. PART IV G ENERAL 13. Arbitration 14. Regulations 15. Repeal of Cap. 349 of the 1971 edition CHAPTER 224 AGRICULTURAL CREDITS Act No. 23 of 1995 An act to facilitate the borrowing of money on the security of charges created upon farming stock, additional assets or other agricultural assets; to provide for the registration of such charges; and to provide for matters incidental to or connected with the foregoing. [13th September, 1995] PART I PRELIMINARY 1. This Act may be cited as the Agricultural Credits Act. Short title 2. to or connected with the foregoing. [13th September, 1995] PART I PRELIMINARY 1. This Act may be cited as the Agricultural Credits Act. Short title 2. In this Act, unless the context otherwise requires- Interpretation "additional assets" means any tangible assets, excluding land, that belong to a farmer, trader or related business, pertaining directly or indirectly to agricultural production, processing or trade, all accounts receivable, chattel paper, warehouse receipts, both negotiable and non-negotiable, promissory notes and includes savings accounts on deposit with any bank, credit union, savings institution or other similar organisation; -negotiable, promissory notes and includes savings accounts on deposit with any bank, credit union, savings institution or other similar organisation; The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia "agricultural charge" means a charge, lien or assignment created under section three; "agricultural commodity" means anything derived directly or indirectly from cultivation; "cultivation" means crop production, animal husbandry, game ranching, aquaculture, horticulture or forestry; "farmer" means any person who, as owner or tenant of land uses such land for cultivation, whether for profit or subsistence; "farming stock" means all agricultural commodities, whether future growing or severed from the land, and after severance whether subjected to any treatment or manufacture and includes- (a) livestock, poultry and bees, and the produce and progeny thereof; (b) wild animals in captivity; (c) fish stocks; (d) timber both standing or cut; (e) seeds and manures; (f) fertilisers, insecticides, oils, and fuels; (g) agricultural vehicles, trucks and truck spares, machinery, and other plant; or (h) any agricultural fixture that a tenant, or any person legally occupying land, may by law be authorised to remove; "holder" means a person in whose favour an agricultural charge is created, and includes the executors, administrators and assignees of that person; "other agricultural assets" means any right of a tenant, including any right to compensation for improvements; "Registrar" means the Registrar of Agricultural Charges or any person appointed to perform the functions of Registrar; compensation for improvements; "Registrar" means the Registrar of Agricultural Charges or any person appointed to perform the functions of Registrar; The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia "related business" means an individual, a company, a cooperative, a partnership, an association and any group of persons acting in concert, whether or not incorporated, who or which, as the case may be, gives loans to farmers for the purchase of inputs or other items required for cultivation; "trader" means any person who, as a broker, dealer, or otherwise, acquires from a farmer or any other person, through purchase or otherwise, for the purpose of resale, or processing, any agricultural commodity. PART II AGRICULTURAL CHARGES 3. (1) An agricultural charge may be fixed or floating, or both. Agricultural charges on farming stock and assets (2) An agricultural charge may be in form and made upon such conditions as the parties to the charge may agree; and any surety may be made a party to the charge. cultural charge may be in form and made upon such conditions as the parties to the charge may agree; and any surety may be made a party to the charge. (3) A farmer, may, individually or in association, create in favour of any person a charge on any farming stock, additional asset or other agricultural asset security for- (a) inputs or other items required for cultivation; (b) sums advanced or to be advanced to the farmer; or (c) sums paid or to be paid on the farmer's behalf under any guarantee; and such security may also cover interest, commission and charges thereon. (4) Notwithstanding any other provision of this Act, a related business or a trader may create in favour of any person an agricultural charge on all or any portion of the agricultural commodities the related business or trader purchases or intends to purchase from a farmer; and such security may also charge interest, commission and charges thereon. (5) The property affected by a fixed charge shall be such property forming part of the farming stock, additional assets, or other agricultural assets, and belonging to the farmer, trader or related business at the date of the charge and as may be specified in the charge. or other agricultural assets, and belonging to the farmer, trader or related business at the date of the charge and as may be specified in the charge. The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia (6) The principal sum secured by an agricultural charge may be- (a) a specific amount advanced in one sum or in instalments; or (b) a fluctuating amount advanced on a current account not exceeding at any one time such amount, if any, as may be specified in the charge: Provided that any charge for securing a current account or any further advances shall continue to be effective against the farmer, trader or related business and against the holder of any subsequent interest in the agricultural commodities charged, notwithstanding the fluctuation or temporary extinction of the indebtedness and notwithstanding that the lender may have had notice of the subsequent interest. 4. ing the fluctuation or temporary extinction of the indebtedness and notwithstanding that the lender may have had notice of the subsequent interest. 4. (1) A fixed charge shall confer on the holder the following rights: Effect of fixed charge (a) a right, upon the happening of any event specified in the charge as being an event authorising the seizure of property subject to the charge to take possession of any property so subject; and (b) where possession of any property has been taken, a right, after an interval of fourteen days or such shorter period as may be specified by the charge, to sell the property. (2) Where a holder exercises the power of sale under paragraph (b) of subsection (1), the holder shall apply the proceeds of sale in or towards the discharge of the moneys and liabilities secured by the fixed charge, and the costs of seizure and sale, and to pay the surplus, if any, of the proceeds to the farmer. moneys and liabilities secured by the fixed charge, and the costs of seizure and sale, and to pay the surplus, if any, of the proceeds to the farmer. (3) A fixed charge shall impose on the farmer, trader or related business, the following obligations: (a) an obligation whenever the farmer, trader or related business sells any of the property, or receives any money in respect of any asset, comprised in the charge, forthwith to pay to the holder the amount of the proceeds of the sale or the money so received, except to such extent as the charge otherwise provides or the holder otherwise allows, and any sum so paid shall be applied, except so far as otherwise agreed by the holder, in or towards the discharge of moneys and liabilities secured by the charge: Provided that if the holder is a related business, the farmer or trader shall not sell, except as provided under this section, the commodity for which he received loans or advances of inputs or other items required for cultivation but shall deliver to the holder the agricultural commodity in the amount agreed in the charge; ances of inputs or other items required for cultivation but shall deliver to the holder the agricultural commodity in the amount agreed in the charge; The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia (b) an obligation, in the event of the farmer, trader or related business receiving any money under any policy of insurance on any of the property comprised in the charge, forthwith to pay the amount of the sum so received to the holder, except to such extent as the charge otherwise provides or the holder otherwise allows, and any sum so paid shall be applied, except so far as is otherwise agreed by the holder, in or towards the discharge of moneys and liabilities secured by the charge. aid shall be applied, except so far as is otherwise agreed by the holder, in or towards the discharge of moneys and liabilities secured by the charge. (4) Where any money is due to a farmer, trader or related business, as the case may be, under any policy of insurance on any of the property comprised in a fixed charge, the insurer may, notwithstanding anything contained in the insurance policy, pay such money to the holder of the charge to the extent of the said charge, and any such payment shall be a valid discharge of the liability of the insurer to the farmer, trader or related business, as the case may be, to the extent of the amount so paid, and the provisions of paragraph (b) of subsection (2) shall apply to the amount so paid as if it had been paid to the holder by the farmer, trader or related business, as the case may be. (5) Subject to compliance with the obligations imposed by subsection (3) a fixed charge shall not prevent the farmer, related business or trader selling any of the property subject to the charge. s imposed by subsection (3) a fixed charge shall not prevent the farmer, related business or trader selling any of the property subject to the charge. (6) Where the proceeds of a sale made under subsection (2), are paid to any person other than a person contemplated by or under that subsection, the holder shall have a right to recover the proceeds from such person if the holder proves that such person knew that the proceeds were paid to him in breach of the farmer's, related business's or trader's obligations. 5. An agricultural charge creating a floating charge shall have the like effect as if the charge had been created by a registered debenture issued by a company: Effect of floating charge Provided that- (a) the charge shall become a fixed charge on the property upon- (i) a receiving order in bankruptcy being made against the farmer, trader or related business; (ii) the death of the farmer or trader; (iii) the dissolution of partnership in the case where the property charged is partnership property; or iness; (ii) the death of the farmer or trader; (iii) the dissolution of partnership in the case where the property charged is partnership property; or The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia (iv) notice in writing to that effect being given by the holder on the happening of any event which, by virtue of the charge, confers upon the holder the right to give such notice; and (b) the farmer, trader or related business, while the agricultural charge remains a floating charge, shall be subject to the like obligation as in the case of a fixed charge to pay over to the holder the amount received by him by way of proceeds of sale, in respect of other agricultural assets or additional assets under policies of insurance, or by way of compensation: Provided that it shall not be necessary for farmer, trader or related business to comply with such obligations if and so far as the amount so received is expended in the purchase of farming stock which, on purchase, becomes subject to the charge. 6. obligations if and so far as the amount so received is expended in the purchase of farming stock which, on purchase, becomes subject to the charge. 6. (1) Notwithstanding sections three, four and five, any farmer, trader or related business shall, when selling or causing to be sold, any farming stock or additional asset which is subject to an agricultural charge, give to the person buying, or the person effecting the sale of, the farming stock or additional asset, before payment of the purchase price, a written notice which shall be acknowledged by the purchasers or the person effecting the sale signing the original and a copy of the notice, containing the following information: Notice of agricultural charge (a) the name and address of all persons holding an agricultural charge over the farming stock or additional assets to be sold; (b) the priority of the agricultural charges; and (c) the amount secured by each agricultural charge. e farming stock or additional assets to be sold; (b) the priority of the agricultural charges; and (c) the amount secured by each agricultural charge. (2) When a farmer, trader or related business gives written notice to any person under subsection (1), the written notice shall constitute written notice, in respect of any subsequent sale of any agricultural commodity which is the subject of the charge, given to that person within a period of twelve months from the date of the written notice: Provided that the farmer, trader or related business, before making, or causing to be made, any subsequent sale, shall notify that person of any agricultural charge, which affects the agricultural commodity, created by the farmer, trader or related business after the date of the written notice; and such notice shall state the name and address of the holder of the charge, the priority of the charge and the amount secured by the charge. (3) A notice given under the proviso to subsection (2) shall, for the purposes of this section, be treated as forming part of the written notice given under subsection (1) by the farmer, trader or related business to the buyer or person effecting a sale on behalf of the farmer, trader or related business, as the case may be. he farmer, trader or related business to the buyer or person effecting a sale on behalf of the farmer, trader or related business, as the case may be. The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia (4) Any person who receives a written notice under subsection (1) shall pay the proceeds of the sale to the holders of the agricultural charges in accordance with the written notice and having regard to the priority and amounts stated in the written notice and shall pay the surplus, if any, remaining after making the payments, to the farmer, trader or related business. (5) Any person who contravenes subsection (4) shall be guilty of an offence and shall be liable, on conviction, to the full value of the agricultural charge as specified in the notice. (6) Any moneys paid out in accordance with subsection (4) shall reduce the liability of the farmer, trader or related business under the agricultural charges created by the farmer, trader or related business, in order of their priority, and the amount of each agricultural charge shall be reduced by the amount so paid. the farmer, trader or related business, in order of their priority, and the amount of each agricultural charge shall be reduced by the amount so paid. (7) Any payment made in accordance with subsection (4) shall discharge the buyer or person effecting the sale on behalf of the farmer, trader, or related business, as the case may be, from any claim, howsoever arising, in respect of the proceeds of the sale. (8) Any farmer, trader or related business who fails to give written notice in accordance with this section shall be guilty of an offence and shall be liable, on conviction, to a fine not exceeding ten per cent of the outstanding loan. 7. (1) An agricultural charge shall have effect notwithstanding anything contained in the Bills of Sale Acts, 1878 and 1882, of the United Kingdom; and an agricultural charge shall not be deemed to be a bill of sale within the meaning of those Acts. Supplementary provisions as to agricultural charges (2) Agricultural charges shall, in relation to one another, have priority in accordance with the times at which they are respectively registered under this Act: Provided that any agricultural charge created solely to secure the payment of insurance premiums upon farming stock shall have priority over any other agricultural charge not created for such purpose. ly to secure the payment of insurance premiums upon farming stock shall have priority over any other agricultural charge not created for such purpose. (3) When an agricultural charge creating a floating charge has been created, an agricultural charge purporting to create a fixed charge on any of the property comprised in the floating charge shall, as respects the property subject to such floating charge, be of no effect so long as the floating charge remains in force. (4) After the commencement of this Act, where a farmer, trader or related business mortgages interest in land, and such farmer, trader or related business creates an agricultural charge which includes growing crops, the rights of the holder under such charge shall have priority over those of the mortgagee, whether in possession or not, and irrespective of the dates of the mortgage and the charge. ch charge shall have priority over those of the mortgagee, whether in possession or not, and irrespective of the dates of the mortgage and the charge. The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia (5) Farming stock which is subject to an agricultural charge shall not, for the purpose of the Bankruptcy Act, be considered as deemed to be goods in the possession, order or disposition of the farmer, trader or related business in his trade or business, by the consent and permission of the true owner thereof, under such circumstances that he is the reputed owner thereof. Cap. 82 (6) An agricultural charge shall not protect property which, but for such charge, would have been liable to distress for rent or rates. 8. (1) Every agricultural charge shall be registered within thirty days after its execution and if not so registered, shall be void as against any person other than the farmer: Registration of agricultural charges Provided that the Registrar may, in proof that omission to register within such time as aforesaid was accidental or due to inadvertence, extend the time for registration on such terms as he thinks fit. sion to register within such time as aforesaid was accidental or due to inadvertence, extend the time for registration on such terms as he thinks fit. (2) An agricultural charge shall be effected by sending by post or delivering to the Registrar's office located in the district, or, where no such office exists, to such other office as the Minister shall, by statutory notice, specify, a memorandum of the instrument creating the charge and such particulars of the charge as may be prescribed, together with the prescribed fee; and upon receipt thereof the Registrar shall enter the particulars in the register and file the memorandum. (3) The register kept and the memoranda filed under this section shall, at all reasonable times, be open to inspection by any person on payment of the prescribed fee, and any person inspecting the register or any memorandum may, on payment of the prescribed fee, make copies or extracts therefrom. (4) Any person may, on payment of the prescribed fee, require to be furnished with a copy of any entry in the register or memorandum certified to be a true copy by the Registrar. nt of the prescribed fee, require to be furnished with a copy of any entry in the register or memorandum certified to be a true copy by the Registrar. (5) Registration of an agricultural charge may be proved by the production of a certified copy of the entry in the register relating to the charge, and a copy of any such entry purporting to be certified as a true copy by the Registrar shall, in all legal proceedings, be evidence of the matters stated therein without proof of the signature or authority of the person signing it unless the contrary is proved. (6) The Registrar shall not be liable to any action or proceeding for or in respect of any act or matter done or omitted to be done, in good faith, in the exercise or purported exercise of the powers conferred on the Registrar under this Act. ct or matter done or omitted to be done, in good faith, in the exercise or purported exercise of the powers conferred on the Registrar under this Act. The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia (7) Any person aggrieved by any decision of the Registrar may appeal to the High Court within thirty days of such decision. (8) Registration of an agricultural charge under this section shall, from the date of registration, be deemed to constitute actual notice of the charge and of the fact of such registration to all persons and for all purposes connected with the property comprised in the charge: Provided that- (a) where an agricultural charge is expressly made for securing a current account or further advances, the holder, in relation to making further advances under the charge, shall not be deemed to have notice of another agricultural charge by reason only that it is so registered if it was not so registered at the time when the first-mentioned charge was created or when the last search, if any, by or on behalf of the holder was made, whichever was the later; (b) registration shall not be deemed to constitute actual notice to a purchaser for the purposes of section six. (9) The Minister may, by statutory notice, exempt any person from the payment of any fee required under this section. for the purposes of section six. (9) The Minister may, by statutory notice, exempt any person from the payment of any fee required under this section. 9. (1) Except as otherwise provided under this Act, a person shall not print for publication or publish any list of agricultural charges or of the name of any farmer, trader of related business who have created agricultural charges. Restriction on publication of agricultural charges (2) A person who contravenes the provisions of sub-section (1), shall be guilty of an offence and shall be liable, on conviction, to a fine not exceeding one thousand penalty units. (3) A prosecution for an offence under this section shall not be commenced without the consent of the Director of Public Prosecutions. 10. (1) Any farmer, trader or related business who has created an agricultural charge and who, with intent to defraud- Frauds (a) fails to comply with the obligations imposed by this Act as to the payment to the holder of any sums received by the farmer, trader or related business by way of proceeds of sale, or in respect of other agricultural assets, or under a policy of insurance or by way of compensation; or related business by way of proceeds of sale, or in respect of other agricultural assets, or under a policy of insurance or by way of compensation; or The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia (b) removes or suffers to be removed any property subject to the charge; shall be guilty of an offence and shall be liable, on conviction, to a fine not exceeding one thousand penalty units or to imprisonment for a period not exceeding three years, or to both. (2) Where any related business, with intent to defraud, misrepresents its rights and obligations under this Act or in any way deprives a farmer of his rights under this Act, the directors and managers of the business committing such violation shall be guilty of an offence and shall be liable, on conviction, to a fine not exceeding one thousand penalty units or to imprisonment for a period not exceeding three years, or to both, unless they show that the offence was committed without their knowledge or consent. PART III VALIDITY OF CONTRACTS FOR ADVANCES ON I NPUTS AND O THER I TEMS 11. y show that the offence was committed without their knowledge or consent. PART III VALIDITY OF CONTRACTS FOR ADVANCES ON I NPUTS AND O THER I TEMS 11. (1) A contract for the advancement to a farmer of inputs or other items required for cultivation shall state- Validity of contracts (a) the value of the inputs or other items at the time the inputs or items are advanced to the farmer; (b) the interest rate to be charged, expressed at an annual percentage rate; and (c) any charges, fees or penalties the farmer will be required to pay if the farmer does not pay or deliver the produce at the price agreed on, as stipulated in the contract, unless subsection (1) of section six applies. (2) Any trader or related business advancing any inputs or other items required for cultivation shall furnish the farmer, at the time each input or item is advanced, a written statement showing the value and cost to the farmer of the input or item, the interest rate, and any charges, fees or penalties, as provided under this section. (3) Direct or indirect compounding of interest shall not be allowed as part of the contract specified under subsection (1). ovided under this section. (3) Direct or indirect compounding of interest shall not be allowed as part of the contract specified under subsection (1). (4) Notwithstanding any other law, any person who advances inputs or other items required for cultivation to a farmer and fails to fully disclose to the farmer the cost of the input or item, the interest to be paid by the farmer, and any changes, fees or penalties, as required under this section shall be ineligible to register, under this Act, a charge created by the farmer on the basis of an agreement or contract, and such charge shall be void. all be ineligible to register, under this Act, a charge created by the farmer on the basis of an agreement or contract, and such charge shall be void. The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia 12. Any person who advances inputs or other items required for cultivation to a farmer and fails to fully disclose to the farmer the cost of any input or item, the interest to be paid by the farmer, and any charges, fees or penalties, as required under section eleven, shall be guilty of an offence and shall be liable, on conviction, to a fine not exceeding one thousand penalty units. Failing to make full disclosure of cost of inputs or other items and interest; etc. PART IV G ENERAL 13. The Arbitration Act shall apply to the settlement of any dispute arising as a result of the interpretation or application of the provisions of this Act. Arbitration Cap. 41 Arbitration 14. settlement of any dispute arising as a result of the interpretation or application of the provisions of this Act. Arbitration Cap. 41 Arbitration 14. The Minister may, by statutory instrument, make regulations prescribing anything which under this Act is required or permitted to be prescribed, and, without prejudice to the generality of the foregoing may make regulations prescribing- (a) the manner in which a register is to be kept; (b) for the filling of memoranda and agricultural charges; (c) for the removal of entries from the register on proof of discharge; (d) the rectification of the register; and (e) for the form of a written notice or agricultural charge to be issued under this Act. Regulations 15. (1) Subject to subsection (2), the Agriculture Credits Act, 1962, is hereby repealed. Repeal of Cap. 349 of the 1971 edition (2) Notwithstanding the repeal of the Agriculture Credits Act- (a) any agreement executed under that Act shall continue in force as if made under this Act; (b) any registration done, any other right or benefit accruing or any liabilities suffered under that Act shall, unless contrary to this Act, continue in accordance with this Act; (c) any regulations made or directions given under that Act shall, unless contrary to this Act, continue in force until revoked, as if made or given under this Act. tions made or directions given under that Act shall, unless contrary to this Act, continue in force until revoked, as if made or given under this Act. The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia SUBSIDIARY LEGISLATION SECTION 14-THE AGRICULTURAL CREDITS (REGISTRATION) REGULATIONS Statutory Instrument 91 of 1996 Regulations by the Minister 1. These Regulations may be cited as the Agricultural Credits (Registration) Regulations. Title 2. In these Regulations, unless the context otherwise requires- Interpretation "the register" means the register directed to be kept under the Act; "Registrar" means the person appointed as such in each District Agricultural Office under section eight of the Act. 3. ected to be kept under the Act; "Registrar" means the person appointed as such in each District Agricultural Office under section eight of the Act. 3. (1) The register shall contain the following particulars: Form of and particulars in register (a) the date of the instrument creating a charge; (b) the surname, Christian names, and National Registration Card number of the farmer whose farming stock and other agricultural assets are affected by a charge; (c) the amount or commodity secured by a charge; (d) whether a charge is a fixed or floating charge, or both; (e) in the case of a fixed charge, details of the nature of the property affected by such charge, as given in the memorandum accompanying an application for the registration of a charge; (f) the name and address of the holder of the charge; (g) the number assigned to the memorandum and the time and date of the reception of such memorandum. the name and address of the holder of the charge; (g) the number assigned to the memorandum and the time and date of the reception of such memorandum. The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia (2) The register shall- (a) be in the form set out in Form 1 of the First Schedule; and (b) bear the surnames in alphabetical order of farmers who have created an agricultural charge. 4. Any person who requires a certificate of the result of an official search of the register may obtain the same by sending by post or delivering to the Registrar a requisition in the form set out in Form 2 of the First Schedule, and upon receipt of such requisition, the Registrar shall, on payment of the fees set out in the Third Schedule, furnish a certificate in the form set out in Form 2 of the First Schedule. Procedure for certificate of result of official search of register 5. An application for the registration of a charge, certified copies of, or extracts from, the register or memoranda filed as are open to public inspection, shall- (a) be made on the appropriate forms as set out in the Second Schedule; and (b) furnish the particulars required in the forms. Application for registration of charge 6. An application for registration of a charge shall be accompanied by a memorandum and the prescribed fee. ms. Application for registration of charge 6. An application for registration of a charge shall be accompanied by a memorandum and the prescribed fee. Memorandum and fee to accompany application for registration 7. Upon receipt of an application for registration of a charge as specified in regulation 6, the Registrar shall- (a) assign a number to the memorandum; and (b) note thereon the date and time of its reception. Duties of Registrar on receipt of application for registration 8. (1) An application for the noting of a discharge in the register shall- Application for noting of discharges in register (a) be made in Form 6 as set out in the Second Schedule; (b) furnish the particulars required in the forms. (2) On receipt of an application under sub-regulation (1), the Registrar may require the applicant to produce such evidence as the Registrar may consider necessary to prove that the charge has been discharged. the Registrar may require the applicant to produce such evidence as the Registrar may consider necessary to prove that the charge has been discharged. The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia (3) When the Registrar is satisfied that a charge has been discharged, the Registrar- (a) shall enter the fact of such discharge in the register; and (b) may destroy the memorandum filed in respect of such charge after the lapse of a period of twelve months from the date of such discharge. (4) Upon receipt of an application in Form 7 as set out in the Second Schedule, the Registrar shall furnish a certificate that the discharge of a charge has been entered in the register. 9. The office of the Registrar shall be open to the public for the transaction of business on weekdays, only, from 0900 hours until 1200 hours. Hours of business 10. For any registration or for any matter or thing done or prescribed under the Act or these Regulations there shall be paid the fees set out in the Third Schedule. Prescribed fees 11. The Agricultural Credits (Registration) Rules, 1962 are hereby revoked. Revocation of Government Notice 33 of 1962 Third Schedule. Prescribed fees 11. The Agricultural Credits (Registration) Rules, 1962 are hereby revoked. Revocation of Government Notice 33 of 1962 The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia FIRST SCHEDULE FORM 1 AGRICULTURAL CHARGES REGISTER Date of instrument of change Name of farmer (surname and full Christian name) National Registration Card Number Amount Secured Nature of charge (fixed, floating or both) and of property affected therby Name and address of holder of charge Memora number rd Number Amount Secured Nature of charge (fixed, floating or both) and of property affected therby Name and address of holder of charge Memora number The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia FORM 2 The Agricultural Credits Act REQUISITION FOR AN OFFICIAL SEARCH I/We hereby require an official search to be made in the Agricultural Charges Register for any subsisting entries therein against the below. Signature of applicant....................................... CERTIFICATE OF OFFICIAL SEARCH: REQUISITION NO. Date of instrument of change Name of farmer (surname and full Christian name) National Registration Card Number Amount Secured Nature of charge (fixed, floating or both) and of property affected therby Name an of holder Fee paid .................................................................................................................................... Receipt No.................................................................................................................................. ................................. R .................................................................................................................. ................................. R The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia SECOND SCHEDULE FORM 3 APPLICATION FOR REGISTRATION OF CHARGE I/We.................................................................................................................................................................................... of.................................................................................................................................................................................................. hereby apply for the registration of the Memorandum of an Instrument in writing creating an Agricultural Charge under the Agricultural Credits Act. Short particulars of the said Instrument are given in the Memorandum below. Signature of applicant ................................................................................................................................................................ (on behalf of ........................................................................ ............................................................... (on behalf of ........................................................................ ) Address ...................................................................................................................................................................................... Date ............................................................................................................................................................................................ ...................................................................................................................................................... The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia FORM 4 MEMORANDUM OF CHARGE Particulars 1. Date of Instrument ............................................................................................................................................................... 2. Name and address of the farmer who created the charge: Surname ............................................................................................................................................................................... Christian name(s) ................................................................................................................................................................. Address ................................................................................................................................................................................ National Registration Card No. ............................................................................................................................................ 3. Amount secured by charge, K 4. The charge is a ......................................................... .......................................... 3. Amount secured by charge, K 4. The charge is a ......................................................... charge. (in the case of a fixed charge, insert below details of the nature of the property affected by the charge, and if a future or growing crop, details of the nature of such crop and the crop year, e.g. maize 1996/97). ..................................................................................................................................................................................................... ..................................................................................................................................................................................................... ..................................................................................................................................................................................................... ..................................................................................................................................................................................................... 5. Name and address of the holder: Name ......................................................................... .................................... 5. Name and address of the holder: Name ......................................................................... .......................................................................................................... Address ............................................................................................................................................................................... I hereby concur in the above application. Signature of farmer(s) ......................................................................................................................... ........................................................................................................................ Date and time of reception .......................................................................................................................................................... Receipt No .................................................................................................................................................................................. This form should be varied by the insertion of further details of names and addresses in paragraph 2 of the Memorandum of Charge when the charge is created by two or more farmers in partnership or as a group or association. nd addresses in paragraph 2 of the Memorandum of Charge when the charge is created by two or more farmers in partnership or as a group or association. The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia FORM 5 APPLICATION FOR A CERTIFIED COPY OF THE MEMORANDUM FILED IN THE REGISTRY UNDER THE ACT I/We hereby apply for a certified copy of the Memorandum of Charge attached to the Application for Registration of Charge filed in the Registry under the above Act against the following name on the ......................................................................... day of ................................................................, 19.........., under Memorandum No .............................................................................................................................................. Surname of farmer ...................................................................................................................................................................... Christian name(s) ....................................................................................................................................................................... ...................................................................................................................................................... Signature of applicant or his solicitors/advocates ...................................................................................................................... Address ....................................................................................................................................................................................... Date ............................................................................................................................................................................................ Receipt No. ................................................................................................................................................................................. ...................................................................................................................................................... The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia FORM 6 NOTIFICATION OF DISCHARGE IN THE REGISTER ON PROOF OF DISCHARGE I hereby apply for the noting in the register against the entry of the Agricultural Charge registered against the following name or names on the ............................................................................................................ day of ........................................................................, 19.........., under Registered No. ....................................... ...................... that the charge has been discharged. Surname of farmer ..................................................................................................................................................................... Christian name(s) ....................................................................................................................................................................... Signature of applicant or his solicitors/advocates ....................................................................................................................... nt or his solicitors/advocates ....................................................................................................................... Address ...................................................................................................................................................................................... Date .......................................................................................... I, the undersigned, being the holder/person authorised to agree on behalf of the holder, hereby agree to the noting of the discharge of the above charge which has been satisfied. Signature of holder/person signing on behalf of the holder ....................................................................................................... Address ...................................................................................................................................................................................... Date .......................................................................................... Receipt No. .............................................................................. ........................................................... Receipt No. .............................................................................. The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia FORM 7 APPLICATION FOR A CERTIFICATE THAT THE DISCHARGE OF A CHARGE HAS BEEN ENTERED IN THE REGISTER I hereby apply for a certificate that an entry has been made in the register to the effect that an Agricultural Charge which was registered under Register No. ...................................................................................... ................................ against the following name or names was discharged on the ....................... day of .......................................................... , 19........................................................................................... Surname of farmer ...................................................................................................................................................................... Christian name(s) ........................................................................................................................................................................ ...................................................................................................................................................... Signature of applicant or his solicitors/advocates ...................................................................................................................... Address ...................................................................................................................................................................................... Date .......................................................................................... It is hereby certified that the above entry has been made in the register. Date .......................................................................................... .................................................................................................... Registrar Receipt No. .............................................................................. ................................................. Registrar Receipt No. .............................................................................. The Laws of Zambia Copyright Ministry of Legal Affairs, Government of the Republic of Zambia THIRD SCHEDULE (Regulation 10) PRESCRIBED FEES Fee units Registration pursuant to provisions of section 8 (2) 11 Inspection pursuant to provisions of section 8 (3) 6 Taking copies pursuant to provisions of section 8 (4) 6 Certificate of official search 11 Certificate of copy of an entry in the register 6
Have questions about this law?
Ask Ubutabera AI for instant, cited answers — free with an account. Save laws and download official PDFs too.
Create a free account