8 “(1) No association or company shall be registered under the Companies Act [Chapter 24:03] by a name, and no person shall, for the purposes of business, use any name which— (a) includes in conjunction with the word “bank” or “banking” any of the words “infrastructure”, “development”, “Zimbabwe” or “Zimbabwean”; or (b) in the opinion of the Registrar of Companies, so nearly resembles the name of the Bank as to be likely to deceive; unless the Minister has in writing permitted the association or company to use that name.”. 23 Amendment of Schedule to Cap. 24:14 The Schedule (“Powers of Bank”) to the principal Act is amended— (a) by the repeal of paragraph 16 and the substitution of— “16. To make or guarantee loans to its employees or their spouses in accordance with remuneration policies approved by the Board.”; (b) by the repeal of paragraph 18. 24 Amendment of section 10 of Cap. 23:01 Section 10 (“Exemptions from capital gains tax”) of the Capital Gains Tax Act [Chapter 23:01] is amended in paragraph (e) by the deletion of “Zimbabwe Development Bank” and the substitution of “Infrastructure Development Bank of Zimbabwe”. 25 Amendment of Cap. 23:06 The Income Tax Act [Chapter 23:06] is amended— (a) in the Third Schedule in paragraph 10 by the deletion from subparagraph (g) of subparagraph (1) of “Zimbabwe Development Bank” wherever it occurs and the substitution of “Infrastructure Development Bank of Zimbabwe”; (b) in the Ninth Schedule in subparagraph (1) of paragraph 1, in the definition of “dividend”, by the deletion from paragraph (f) of “Zimbabwe Development Bank” wherever it occurs and the substitution of “Infrastructure Development Bank of Zimbabwe”; (c) in the Twenty-first Schedule in subparagraph (1) of paragraph 1, in the definition of “financial institution”, by the deletion from paragraph (d) of “Zimbabwe Development Bank” wherever it occurs and the substitution of “Infrastructure Development Bank of Zimbabwe”; (d) in the Thirtieth Schedule in subparagraph (1) of paragraph 1, in the definition of “financial institution”, by the deletion from paragraph (e) of “Zimbabwe Development Bank” wherever it occurs and the substitution of “Infrastructure Development Bank of Zimbabwe”. 26 Transitional provisions (1) In this section, “Bank” has the meaning given to it in section 2 of the principal Act. (2) The change of the Bank’s name effected by section four of this Act shall not affect any right or obligation of the Bank, and— (a) legal proceedings brought by or against the Bank in the name of the Zimbabwe Development Bank may be continued in the name of the Infrastructure Development Bank of Zimbabwe; (b) references to the Zimbabwe Development Bank in any document shall be construed as references to the Infrastructure Development Bank of Zimbabwe. (3) It shall not be necessary for a Registrar of Deeds to make an endorsement in his registers, or upon any deed or document which is recorded in his registers, for the purpose of altering any reference to the Zimbabwe Development Bank to a reference to the Infrastructure Development Bank of Zimbabwe, but a Registrar of Deeds, if so requested in writing by the Bank, shall make the appropriate endorsement, free of charge, to any particular deed, document or register.