Gates' Concise Zambian Company Law

Book excerpt: The Core Facts, Core Cases series is meant to complement full length texts on different subjects of the law in Zambia. Written in a concise style, it is a useful and thorough support accessible to students, and practitioners alike. Books in the series are written with the clear goal of providing a rich and epigrammatic view of the subject. To help in achieving this goal, all chapters begin with a general summary of the facts and themes covered in the chapter by way of diagrammatic presentation.The foregoing is then followed by a presentational structure that eases the learning process complete with supporting cases and facts thereof where relevant.Company law is a detailed and complex subject that encompasses the common law, statutory law and various regulations. This alone makes it a daunting proposition not just for first time readers but seasoned practitioners too. Be that as it may, it is a core module at undergraduate level, bar courses and postgraduate law programmes. It is also a relevant module on most if not all business and professional programmes. The key aim of this text is as a revision aid. It must be, and is intended to be used in conjunction with other, more Substantive works like Gates Company Law and Practice in Zambia and Gates on Understanding Company Law: A Conceptual and Functional Approach for a more profound grasp of the concepts summarised in this text. There are no two ways about it.The Companies Act No 10 of 2017, like the Corporate Insolvency Act No 9 which we consider in chapter.... received presidential assent on 20 November 2017. It is an easy to use text for purposes of revising company law in Zambia within the context of the Companies Act, 2017. The structure of the text is to a large extent premised on the Act. The text also continues the practice of highlighting Zambian cases where these are available. Where the law as set out in the CA 2017 is clear, no additions or subtractions are made. Additionally, the text encourages readers to do further research not only on the many cases that are cited but not quoted but from other works that have been published on the topics covered.While every effort has been made to acknowledge sources in keeping with good academic practice, I apologise if for some reason, I inadvertently left unacknowledged any sources used in this publication and will gladly take any required measures at the first opportunity.It is hoped that the Law is as stated at the end of December, 2018. This means that I have not been able to refer to draft clauses in the Regulations to the Companies Act, 2017. Any errors and omissions are down to me.