CHAPTER 391
ZAMBIA CENTRE FOR ACCOUNTANCY STUDIES ACT

Arrangement of Sections

   Section

PART I
PRELIMINARY

   1.   Short title

   2.   Interpretation

PART II
ZAMBIA CENTRE FOR ACCOUNTANCY STUDIES

   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
FINANCIAL AND OTHER PROVISIONS

   18.   Funds of Board

   19.   Financial year

   20.   Accounts

   21.   Annual report

   22.   Regulations

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]

Act 1 of 1989,

Act 13 of 1994,

Act 17 of 1998.

PART I
PRELIMINARY

1. Title

This Act may be cited as the Zambia Centre for Accountancy Studies Act.

2. Interpretation

In this Act, unless the context otherwise requires—

“Board” means the Zambia Centre for Accountancy Studies Board, established by section 4;

“Centre” means the Zambia Centre for Accountancy Studies constituted under section 3;

“Chairman” means the person appointed Chairman of the Board under section 6;

“Deputy Director” means the person appointed Deputy Director of the Board under section 15;

“Director” means the person appointed Director of the Board under section 15;

“member” means a member of the Board;

“Patron” means the Minister or the person appointed patron of the Centre under section 14;

“registered accountant” means a person registered as an accountant in accordance with the Accountants Act, 1982;

“Secretary” means the person appointed Secretary of the Board under section 16;

“Vice-Chairman” means the person elected Vice-Chairman of the Board under section 6.

PART II
ZAMBIA CENTRE FOR ACCOUNTANCY STUDIES

3. Zambia Centre for Accountancy Studies

   (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.

   (2) The Board may establish such number of branches of the centre as it thinks necessary.

4. Establishment of Board

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.

5. Seal of Board

   (1) The seal of the Board shall be such devise as may be determined by the Board and shall be kept by the Secretary.

   (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.