Law Development Commission, Zimbabwe

CHAPTER 24:20 BANKINGACTAct 9/1999, 22/2001 (s. 4), 12/2002, 4/2004, 16/2004, 1/2005, 6/2005, 3/2009 (s. 54), 5/2011 (s. 16)ARRANGEMENT OF SECTIONSPART IPRELIMINARYS ection1. Short Application of IIADMINISTRATION4. Registrar of Banking Institutions and other IIIREGISTRATION OF BANKING INSTITUTIONS5. Banking business and banking activities not to be conducted except by registered banking Classes of banking Banking Registration of banking Terms and conditions of Registration Register of banking Annual fee payable by registered banking Amendment of Cancellation of Registration and cancellation of registration to be notified in Gazette and in IVCONDUCT OF BUSINESS BY BANKING INSTITUTIONS16. Commencement of banking Conduct of banking and other Board of banking Disqualification for appointment to board of banking Principal administrative office and principal officers of banking Banking institution to display its name and fact that it is Change of name of banking Certain titles and descriptions reserved for use by registered banking Alteration of constitution or rules of conduct by banking

PART VI RESTRICTIONS ON CERTAIN TRANSACTIONS BY BANKING INSTITUTIONS 32. Banking institution not to buy or make loans against own shares. 33. Restriction on payment of dividends, etc., by banking institutions.

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