Mines Acquisition (Special Provisions) (No. 2) Act

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
REPUBLIC OF ZAMBIA
THE MINES ACQUISITION (SPECIAL PROVISIONS)
(NO 2) ACT
CHAPTER 219 OF THE LAWS OF ZAMBIA
CHAPTER 219 THE MINES ACQUISITION (SPECIAL PROVISIONS) (NO. 2)
ACT
THE MINES ACQUISITION (SPECIAL PROVISIONS)
(NO. 2) ACT
ARRANGEMENT OF SECTIONS
Section
1. Short title
2. Interpretation
3. Power to become incorporated in Bermuda
4. Company to become a foreign company
5. Special provisions effective from operative date
CHAPTER 219
MINES ACQUISITION (SPECIAL PROVISIONS)
(NO. 2)
29 of 1970
An Act to facilitate the incorporation under the laws of Bermuda of a company
hitherto incorporated under the laws of Zambia by the name Zambian Anglo
American Limited; and to provide for matters incidental thereto or connected
therewith.
[28th April, 1970]

he laws of Zambia by the name Zambian Anglo
American Limited; and to provide for matters incidental thereto or connected
therewith.
[28th April, 1970]

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
1. This Act may be cited as the Mines Acquisition (Special Provisions) (No. 2) Act. Short title
2. In this Act, unless the context otherwise requires- Interpretation
"the Company" means Zambian Anglo American Limited, a company incorporated
at the commencement of this Act under the Companies Act;
Cap. 388
"existing" means existing immediately before the operative date;
"operative date" means the date on which the Company becomes a company
incorporated under the laws of Bermuda;
"register" means any register of companies incorporated under the Companies Act
kept by the Registrar for the purposes of the Companies Act;
Cap. 388
"Registrar" means the Registrar of Companies. 3. The Company may become incorporated in Bermuda by the name Zambian
Anglo American Limited and may do all such acts as may be necessary or conducive in
that behalf in accordance with the laws of Bermuda. Power to become
incorporated in
Bermuda
4.

ay do all such acts as may be necessary or conducive in
that behalf in accordance with the laws of Bermuda. Power to become
incorporated in
Bermuda
4.

(1) As soon as is reasonably practicable after the operative date, the Company
shall send to the Registrar, by registered airmail, a certificate of deposit of Memorandum
of Association and, upon receipt thereof, the Registrar shall delete the name of the
Company from the register, but thereafter Part XII of the Companies Act (which applies to
foreign companies) shall apply to the Company so long as it has a place of business in
Zambia, and the Company shall accordingly, within two months of the operative date file
with the Registrar the documents required to be filed under section two hundred and
forty-five of the Companies Act. Company to become a
foreign company
Cap. 388
Cap. 388
(2) The expression "certificate of deposit of Memorandum of Association" in
subsection (1) means the certificate issued by the Registrar-General or Registrar of
Companies, as the case may be, of Bermuda upon the filing in his office of what is or is
deemed to be by Bermudian law a Memorandum of Association.

of
Companies, as the case may be, of Bermuda upon the filing in his office of what is or is
deemed to be by Bermudian law a Memorandum of Association.

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
5. With effect from the operative date, but without prejudice to any right, benefit,
privilege, obligation or liability previously acquired, accrued or incurred, the following
provisions shall have effect in relation to the Company, that is to say:
(a) the Company shall be treated as a company incorporated under the laws of
Bermuda, but shall not thereby cease or be deemed to cease to exist, but
shall instead be and be deemed to be and to have at all times continued to
be the same body corporate as the existing Company;
(b) save as provided in section four of this Act, the provisions of the
Companies Act shall cease to apply to the Company; and
(c) any entries or deletions in the register made by the Registrar with respect to
the Company in conformity with this Act (which he is hereby authorised so
to make) shall be deemed to be made by virtue of section four and of this
section and not in exercise of any power in that behalf under any other
written law, including the Companies Act.
Special provisions
effective from
operative date
Cap. 388
Cap. 388