Zambia Centre for Accountancy Studies Act

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
REPUBLIC OF ZAMBIA
THE ZAMBIA CENTRE FOR ACCOUNTANCY STUDIES ACT
CHAPTER 391 OF THE LAWS OF ZAMBIA
CHAPTER 391 THE ZAMBIA CENTRE FOR ACCOUNTANCY STUDIES
ACT.
THE ZAMBIA CENTRE FOR ACCOUNTANCY STUDIES ACT.
ARRANGEMENT OF SECTIONS
PART I
PRELIMINARY
Section
1. Short title
2. Interpretation
PART II
Z AMBIA CENTRE FOR ACCOUNTANCY STUDIES

NTANCY STUDIES ACT.
ARRANGEMENT OF SECTIONS
PART I
PRELIMINARY
Section
1. Short title
2. Interpretation
PART II
Z AMBIA CENTRE FOR ACCOUNTANCY STUDIES

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
3. Zambia Centre for Accountancy Studies
4. Establishment of Board
5. Seal of Board
6. Composition of Board
7. Tenure of office and vacancy
8. Functions of Board
9. Remuneration and allowances
10. Proceedings of Board
11. Committees of Board
12. Disclosure of interest
13. Immunity of members
14. Patron
PART III
ADMINISTRATION
15. Director and Deputy Director
16. Secretary and other staff
17. Prohibition of publication or disclosure of information to unauthorised persons
PART IV
F INANCIAL AND O THER PROVISIONS
Section
18. Funds of Board
19. Financial year
20. Accounts
21. Annual report
22. Regulations
CHAPTER 391
ZAMBIA CENTRE FOR ACCOUNTANCY STUDIES ACT. Act No.
1 of 1989
13 of 1994

19. Financial year
20. Accounts
21. Annual report
22. Regulations
CHAPTER 391
ZAMBIA CENTRE FOR ACCOUNTANCY STUDIES ACT. Act No.
1 of 1989
13 of 1994

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
An Act to constitute the Zambia Centre for Accountancy Studies; to establish the
Zambia Centre for Accountancy Studies Board; to define the functions and
powers of the Centre and the Board; and to provide for matters connected
with or incidental to the foregoing. [19th May, 1989]
PART I
PRELIMINARY
1. This Act may be cited as the Zambia Centre for Accountancy Studies Act. Title
2.

r incidental to the foregoing. [19th May, 1989]
PART I
PRELIMINARY
1. This Act may be cited as the Zambia Centre for Accountancy Studies Act. Title
2.

In this Act, unless the context otherwise requires- Interpretation
"Board" means the Zambia Centre for Accountancy Studies Board, established by
section four;
"Centre" means the Zambia Centre for Accountancy Studies constituted under
section three;
"Chairman" means the person appointed Chairman of the Board under section six;
"Deputy Director" means the person appointed Deputy Director of the Board under
section fifteen;
"Director" means the person appointed Director of the Board under section fifteen;
"member" means a member of the Board;
"Patron" means the Minister or the person appointed patron of the Centre under
section fourteen;
"registered accountant" means a person registered as an accountant in
accordance with the Accountants Act, 1982;
Cap. 390
"Secretary" means the person appointed Secretary of the Board under section
sixteen;
"Vice-Chairman" means the person elected Vice-Chairman of the Board under
section six.

person appointed Secretary of the Board under section
sixteen;
"Vice-Chairman" means the person elected Vice-Chairman of the Board under
section six.

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
PART II
Z AMBIA CENTRE FOR ACCOUNTANCY STUDIES
3. (1) There is hereby constituted the Zambia Centre for Accountancy Studies for
the purpose of training accountants, promoting research and advancement of learning in
accountancy, finance and related studies, providing advisory and consultancy services,
and for related matters. Zambia Centre for
Accountancy Studies
(2) The Board may establish such number of branches of the centre as it thinks
necessary. 4. There is hereby established the Zambia Centre for Accountancy Studies Board
which shall be a body corporate with perpetual succession and a common seal, capable of
suing and of being sued in its corporate name, and with power, subject to the provisions of
this Act, to do all such acts and things as a body corporate may by law do or perform. Establishment of
Board
5. (1) The seal of the Board shall be such devise as may be determined by the
Board and shall be kept by the Secretary. Seal of Board
(2) The Board may use a wafer or rubber stamp in lieu of the seal.

as may be determined by the
Board and shall be kept by the Secretary. Seal of Board
(2) The Board may use a wafer or rubber stamp in lieu of the seal.

(3) The affixing of the seal shall be authenticated by the Chairman or the
Vice-Chairman, and the Secretary or one other person authorised in that behalf by a
resolution of the Board. (4) Any contract or instrument which, if entered into or executed by a person not
being a body corporate, would not be required to be under seal, may be entered into or
executed without seal on behalf of the Board by the Secretary or any other person
generally or specifically authorised by the Board in that behalf. (5) Any document purporting to be a document under the seal of the Board or
issued on behalf of the Board shall be received in evidence and shall be deemed so
executed or issued, as the case may be, without further proof, unless the contrary is
proved. 6. (1) The Board shall consist of the following members: Composition of Board
(a) a Chairman appointed by the Minister on the advice of the Board;

ed. 6. (1) The Board shall consist of the following members: Composition of Board
(a) a Chairman appointed by the Minister on the advice of the Board;

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
(b) the Permanent Secretary in the Ministry responsible for higher education;
(c) the Permanent Secretary in the Ministry responsible for finance;
(d) the Director of Manpower Development and Training in Cabinet Office;
(e) the Vice-Chancellor of the Copperbelt University;
(f) four members appointed by the Council of the Zambia Institute of Certified
Accountants;
(g) absolete;
(h) one registered accountant appointed by the Zambia Industrial and
Commercial Association; and
(i) one registered accountant appointed by the Zambia Federation of
Employers. (2) There shall be a Vice-Chairman elected by the Board from amongst its
members. 7. (1) A member appointed under paragraphs (a), (f), (h) and (i) of subsection (1) of
section six shall hold office for three years from the date of his appointment and may be
re-appointed upon the expiration of that term. Tenure of office and
vacancy
(2) A member referred to in subsection (1) may resign upon giving one month's
notice in writing to the relevant appointing authority under section six and may, at any time
be removed by the appointing authority.

ving one month's
notice in writing to the relevant appointing authority under section six and may, at any time
be removed by the appointing authority.

(3) A member referred to in paragraphs (f), (h) or (i) of section six shall cease to
hold office if-
(a) he ceases to be a registered accountant;
(b) he is lawfully detained or his freedom of movement is restricted, for a period
of not less than six months, under any law in force in Zambia; or
(c) he is absent from three consecutive meetings of the Board without
reasonable cause.

not less than six months, under any law in force in Zambia; or
(c) he is absent from three consecutive meetings of the Board without
reasonable cause.

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
(4) Whenever the office of a member referred to in subsection (1) becomes vacant
the relevant appointing authority under section six shall appoint another person equally
qualified to be a member and that person shall hold office for the remainder of the period
during which the member whose place he fills would, but for his office becoming vacant,
have continued in office. 8. (1) The function of the Board shall be to foster sound education and training in
accountancy, finance and related studies and to do all such acts and things as are
necessary for, or conducive to, the attainment of that purpose.

in
accountancy, finance and related studies and to do all such acts and things as are
necessary for, or conducive to, the attainment of that purpose.

Functions of Board
(2) Without prejudice to the generality of subsection (1) the Board shall-
(a) promote research in accountancy, finance and related fields;
(b) support the production and publication of teaching materials;
(c) collect and disseminate accountancy and financial information including the
publication of reports journals and other documents and literature relating to
the work of the Centre;
(d) provide advisory and consultancy services;
(e) conduct surveys and research relating to accountancy manpower and
training as may be required to develop effective national policies; and
(f) co-ordinate accountancy development activities of various training
institutions in Zambia or elsewhere; and participate in required accountancy
development activities in collaboration with other institutions outside
Zambia.

utions in Zambia or elsewhere; and participate in required accountancy
development activities in collaboration with other institutions outside
Zambia.

(3) The Board may, by directions in writing and subject to such terms and conditions
as it thinks fit, delegate to the Director, Deputy Director, any member or the Secretary any
of its functions under this Act
(4) The Minister may give to the Board such general or specific directions with
respect to the discharge of its functions as he may consider necessary and the Board
shall give effect to such directions. 9. A member other than a public officer or an employee of a parastatal body shall
be paid such allowances as the Board may, with the approval of the Minister, determine. Remuneration and
allowances

mployee of a parastatal body shall
be paid such allowances as the Board may, with the approval of the Minister, determine. Remuneration and
allowances

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
10. (1) Subject to the other provisions of this Act, the Board may regulate its own
procedure. Proceedings of Board
(2) The Board shall meet for the transaction of business at least once every three
months at such places and at such times as the Chairman may decide. (3) Upon giving notice of not less than fourteen days, a meeting of the Board may
be called by the Chairman and shall be called if not less than five members so request in
writing:
Provided that if the urgency of any particular matter does not permit the giving of
such notice, a special meeting may be called upon giving a shorter notice. (4) Seven memebers shall form a quorum at any meeting of the Board. (5) There shall preside at any meeting of the Board its Chairman or in his absence,
its Vice-Chairman or in their absence, such member as the members present may elect
for the purpose of that meeting.

d its Chairman or in his absence,
its Vice-Chairman or in their absence, such member as the members present may elect
for the purpose of that meeting.

(6) A decision of the Board on any question shall be by a majority of the members
present and voting at the meeting and, in the event of an equality of votes, the person
presiding at the meeting shall have a casting vote in addition to his deliberative vote. (7) Where any member referred to in paragraphs (b) to (i) of subsection (1) of
section six is for any reasonable cause unable to attend any meeting of the Board his
Ministry or organisation, as the case may be, may, in writing, nominate another person to
attend such meeting in his stead and such person shall be deemed to be a member for
the purpose of that meeting. (8) The Board may invite any person, whose presence is in its opinion desirable, to
attend and to participate in the deliberations of a meeting of the Board but such person
shall have no vote. (9) The validity of any proceedings, act or decision of the Board shall not be affected
by any vacancy in the membership of the Board or by any defect in the appointment of
any member or by reason that any person not entitled so to do took part in the
proceedings.

ership of the Board or by any defect in the appointment of
any member or by reason that any person not entitled so to do took part in the
proceedings.

(10) The Board shall cause minutes to be kept of the proceedings of every meeting
of the Board and of every meeting of any committee established by the Board.

Board shall cause minutes to be kept of the proceedings of every meeting
of the Board and of every meeting of any committee established by the Board.

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
11. (1) The Board may, for the purpose of performing its functions under this Act,
establish committees and delegate to any such committee such of its functions as it thinks
fit. Committees of Board
(2) The Board may appoint as members of a committee established under
subsection (1), persons who are or are not members of the Board and such persons shall
hold office for such period as the Board may determine. (3) Subject to any specific or general direction of the Board any committee
established under subsection (1) may regulate its own procedure. 12. (1) If any person is present at a meeting of the Board or any committee of the
Board at which any matter is the subject of consideration and in which matter that person
or his spouse is directly or indirectly interested in a private capacity, he shall, as soon as
practicable after the commencement of the meeting, disclose such interest and shall not,
unless the Board otherwise directs, take part in any consideration or discussion of, or vote
on, any question touching such matter.

est and shall not,
unless the Board otherwise directs, take part in any consideration or discussion of, or vote
on, any question touching such matter.

Disclosure of interest
(2) A disclosure of interest made under this section shall be recorded in the minutes
of the meeting at which it is made. 13. No action or other proceedings shall lie or be instituted against any member or
member of a committee for or in respect of any act or thing done or omitted to be done in
good faith in the exercise or purported exercise of his functions under this Act. Immunity of members
14 (1) There shall be a Patron of the Centre who shall be the titular head of the
Centre. Patron
(2) The Patron may be the Minister or such other person as may be appointed by
the Minister after consultation with the Board. (3) The Patron shall preside at all ceremonial assemblies of the Centre. (4) The Chairman shall keep the Patron informed about the general conduct of the
affairs of the Centre and shall furnish the Patron with such information relating to the
affairs of the Centre as the Patron may request. (5) The Patron may, at any time he thinks necessary, direct that a visitation of the
Centre be conducted by persons, and for purposes, specified in the direction.

on may, at any time he thinks necessary, direct that a visitation of the
Centre be conducted by persons, and for purposes, specified in the direction.

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
(6) The Secretary shall submit a report of the visitation to the Patron who may
decide on what action, if any, may be taken. PART III
ADMINISTRATION
15. (1) The Board shall appoint on such terms and conditions as it may determine,
a Director who shall be the chief executive officer of the Board and who, subject to the
control of the Board, shall be responsible for the administration of the Centre. Director and Deputy
Director
(2) The Board may appoint on such terms and conditions as it may determine, a
Deputy Director to assist the Director. (3) The Director, or in his absence the Deputy Director, shall attend meetings of the
Board and may address such meetings, but shall not vote on any matter:
Provided that the person presiding at any meeting of the Board may, for good cause,
require the Director or Deputy Director, as the case may be, to withdraw from the meeting. 16. (1) There shall be a Secretary of the Board who shall be appointed by the
Board on such terms and conditions as the Board may determine.

meeting. 16. (1) There shall be a Secretary of the Board who shall be appointed by the
Board on such terms and conditions as the Board may determine.

Secretary and other
staff
(2) The Secretary shall be responsible for the administration of the day-to-day
affairs of the Board under the general supervision of the Director. (3) The Board may appoint, on such terms and conditions as it may determine, such
other staff as it considers necessary for the performance of its functions under this Act. 17. (1) No person shall, without the consent in writing given by or on behalf of the
Board, publish or disclose to any person, otherwise than in the course of his duties, the
contents of any document, communication or information whatsoever, which relates to,
and which has come to his knowledge in the course of his duties under this Act. Prohibition of
publication or
disclosure of
information to
unauthorised persons
(2) Any person who knowlingly contravenes the provisions of subsection (1) shall be
guilty of an offence and shall be liable, upon conviction, to a fine not exceeding one
thousand two hundred and fifty penalty units or to imprisonment not exceeding three
years, or to both.

e, upon conviction, to a fine not exceeding one
thousand two hundred and fifty penalty units or to imprisonment not exceeding three
years, or to both.

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
(3) If any person having information which to his knowledge has been published or
disclosed in contravention of subsection (1) unlawfully publishes or communicates any
such information to any other person, he shall be guilty of an offence and shall be liable,
upon conviction, to a fine not exceeding one thousand two hundred and fifty penalty units
or to imprisonment not exceeding three years, or to both. (As amended by Act No. 13 of 1994)
PART IV
F INANCIAL AND O THER PROVISIONS
18. (1) The funds of the Board shall consist of such moneys as may- Funds of Board
(a) be appropriated by Parliament for the purposes of the Board;
(b) be paid to the Board by way of grants or donations; and
(c) vest in or accrue to the Board.

ropriated by Parliament for the purposes of the Board;
(b) be paid to the Board by way of grants or donations; and
(c) vest in or accrue to the Board.

(2) The Board may-
(a) accept money by way of grants or donations from any source in Zambia
and, subject to the approval of the Minister, from any source outside
Zambia;
(b) raise by way of loans or otherwise, from any source in Zambia and, subject
to the approval of the Minister, from any source outside Zambia such
moneys as it may require for the discharge of its functions; and
(c) charge and collect fees in respect of programmes, publications, seminars,
consultancy services, and other services provided by the Board. (3) There shall be paid from the funds of the Board-
(a) the salaries, allowances and loans of the staff of the Board;
(b) such reasonable travelling, transport and subsistence allowances for
members or members of any committee of the Board when engaged on the
business of the Board, at such rates as the Board may, with the approval of
the Minister, determine; and

ny committee of the Board when engaged on the
business of the Board, at such rates as the Board may, with the approval of
the Minister, determine; and

The Laws of Zambia
Copyright Ministry of Legal Affairs, Government of the Republic of Zambia
(c) any other expenses incurred by the Board in the performance of its
functions. (4) The Board may invest in such manner as it thinks fit such of its funds as it does
not immediately require for the performance of its functions. 19. The financial year of the Board shall be the period of twelve months ending on
the 31st December, in each year. Financial year
20. (1) The Board shall cause to be kept proper books of account and other records
relating to its accounts. Accounts
(2) The accounts of the Board shall be audited annually by independent auditors
appointed by the Board with the approval of the Minister. (3) The auditors' fees shall be paid by the Board. 21. (1) As soon as practicable, but not later than six months after the expiry of the
financial year, the Board shall submit to the Minister a report concerning its activities
during that financial year.

x months after the expiry of the
financial year, the Board shall submit to the Minister a report concerning its activities
during that financial year.

Annual report
(2) The report referred to in subsection (1) shall include information on the financial
affairs of the Board and there shall be appended to the report-
(a) an audited balance sheet;
(b) an audited statement of income and expenditure; and
(c) such other information as the Minister may require. (3) The Minister shall, not later than seven days after the first sitting of the National
Assembly next after the receipt of the report referred to in subsection (1), lay it before the
National Assembly. 22. The Minister may, by statutory instrument, make regulations for the better
carrying out of the purposes of this Act. Regulations