“Limited by shares” means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company.
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Minimum of two Directors for private and three for public limited companies. The number of directors resident in Zambia shall not be less than half the number of directors appointed
Applicable to Public Company, Private Company Limited by Shares and Unlimited Private Company. *If Shareholder is a Body Corporate
*If Company Secretary is a Body Corporate