AGRICULTURAL LAND SETTLEMENT ACT [CHAPTER 20:01] (as amended) (c) whether the applicant possesses the qualifications and capital necessary to make proper use of the holding, having regard to the purpose for which it is proposed to be alienated; (d) any other facts which, in the opinion of the Board, are relevant to the individual applicant or the holding. (2) The Board shall not recommend an applicant who is a company, unless the company— (a) is incorporated under the law of Zimbabwe relating to companies; and (b) is legally competent to acquire, hold and farm the holding; and (c) possesses or is able to raise share capital which is necessary to make proper use of the holding, having regard to the purpose for which it is proposed to be alienated. 11 Issue of lease Where the Minister leases a holding to an applicant, such lease, subject to this Act— (a) may contain an option to purchase the holding to which it relates; (b) shall be on such terms and conditions as may be fixed by the Minister. 12 President may retake for public purposes (1) The President may, at any time and in such manner and under such conditions as he may deem fit, retake possession of land alienated in terms of this Act or any portion thereof for State, local authority or public purposes on payment to the lessee or grantee, as the case may be, of such compensation as may be agreed upon or, failing such agreement, as may be determined by arbitration. (2) Moneys required for the payment of compensation referred to in subsection (1) shall be paid out of moneys appropriated for the purpose by Act of Parliament. 13 Prohibition of cession, etc. (1) A lessee shall not— (a) cede, assign, hypothecate or otherwise alienate his lease or his rights thereunder or place any other person in possession of his holding; (b) enter into a partnership for the working of his holding; without the consent in writing of the Minister. (2) A transaction entered into by a lessee in contravention of subsection (1) shall be of no force and effect. 14 Grant of title (1) Where a lease contains an option to purchase and such option has accrued and has been exercised, the lessee shall be entitled to a grant of title in respect of his holding, if— (a) the whole of the purchase price in respect of the holding has been paid or has been guaranteed to the satisfaction of the Minister; and (b) all rates and taxes due in respect of the holding to a conservation committee appointed in terms of the Natural Resources Act [Chapter 20:13], or a rural district council have been paid; and (c) the lessee has complied in all respects with this Act as applicable to him and with the terms and conditions of his lease; and (d) in relation to a lease that commenced on or before the 30th September, 1975, in the case of an individual, the lessee is a citizen of Zimbabwe or, in the case of a company, the majority of the directors thereof are citizens of Zimbabwe; and 10 Reissue