General Laws Amendment Act, 2011
(c)
Act No. 5 of 2011
reserves consisting of—
(i) non-repayable share premiums;
(ii) disclosed reserves created by a charge to net income in the financial year
immediately preceding the current one;
(iii) published retained earnings for the current year, including interim
earnings, where these have been verified by external auditors; and
(iv) such other elements as may be prescribed from time to time;”;
(b) in section 14 (“Cancellation of registration”) (1)(p)(ii) by the deletion of “minimum
equity capital” and the substitution of “minimum capital”;
(c) in section 29 (“Minimum equity of banking institutions”) by the deletion—
(ii)
of the heading (“Minimum equity capital”) and the substitution of
“Minimum capital”;
(iii)
in subsections (1) and (2) of “minimum paid-up equity capital” and the
substitution of “minimum capital”.
17 Amendment of section 5 of Cap. 25:14
The Printed Publications Act [Chapter 25:14] is amended in section 5 ("Delivery of books
published in Zimbabwe to certain libraries")(1)(c) by the deletion of "the Public Library,
Bulawayo." and the substitution of "the Historic Reference Collection in Bulawayo.".
18 Amendment of Cap. 28:01
The Labour Act [Chapter 28:01 ] is amended
(a) by the insertion after section 84 of the following section-"84A Oath of office
Every President of the Labour Court shall, before entering upon his/her office,
take and subscribe before the President or some person authorized by the President in
that behalf the oath of loyalty and the judicial oath specified in Schedule 1 of the
Constitution.".
(b) by the insertion after section 92C of the following section—
“92CC
Part-heard matters
Where the office of a President hearing a matter before the Labour Court becomes
vacant—
(a)
by reason of retirement or the appointment of that President to the High
Court, the President concerned shall continue hearing the matter to its
conclusion as if he or she was still a President of the Labour Court; or
(b)
by reason of death or some cause other than those mentioned in paragraph
(a), the Senior President shall re-assign the matter before a different
President—
(i)
for hearing at the stage which that matter had reached before the
office of the first-mentioned President became vacant, if the
parties to the matter so agree ; or
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