PBC and PLC Registration Procedure
The procedure for registering a
company in Zimbabwe generally follows two steps:
Stage 1. Name search
A request is made to the Registrar
of Companies office for a search to be made in the Register of Companies. The
following is applicable at the name search stage:
- The purpose of an application
for reservation of name is to get the authority of the Registrar to use a
- If the Registrar approves your
application to reserve a name, he will reserve that name for you for a
period of 30 days to enable you to register your PBC or PLC. He will
not allow any other person to register that name during that period.
- You are advised to give four
names in your application so that if one name is not accepted, another one
may be. You should list the names in order of preference
- The Registrar will not accept a
name which is similar to that of another PLC or PBC, or is likely to
mislead the public or is indecent.
The Registrar will give a written
notice of whether any of your names were accepted or if they were rejected.
This process takes 3 to 6 working days.
2: Registration of PBC / PLC and appointment of members or directors.
After your name has been
successfully reserved, the documentation for the registration of the PBC or PLC
must be submitted to the Registrar of Companies. This process involves the
appointment of members (shareholders/directors) of the PBC. Each member is
assigned a percentage of ownership in the PBC. The total percentage for all
members must add up to 100%. For a PLC this will be appointment of
shareholders, directors and a company secretary.
The Registrar will then register the PBC or PLC
and assign to it a registration number. The Registrar will put his seal, his
stamp and his signature to the PBC Incorporation Statement to signify
its authenticity. For a PLC the Registrar will issue a Certificate of
Incorporation and affix his signature and stamp on the Articles of Association,
Memorandum, CR6 and CR14. The PBC or PLC is also entered into the Company
registry and becomes searchable in the Registrar’s database. This process takes
3 to 6 working days.