Every company being registered in Zimbabwe should appoint directors and it shall have not less than two directors, other than alternate directors, at least one of whom shall be ordinarily resident in Zimbabwe. This means that not all directors should be Zimbabweans. However, the company must have a Zimbabwean address.
Directors are legally responsible for the day to day running of the company and making sure the company’s accounts and reports are prepared properly.
A director should not be a minor, that is, less than 18 years old and not be disqualified from being a director.
Every person signing the memorandum of a company shall, until other directors are appointed, be deemed to be a director of the company and be liable for all the duties and obligations of a director:
Provided that where a person signs the memorandum, whether as agent or otherwise, on behalf of some other person who is not qualified to be a director of the company, the first-mentioned person shall be deemed to be a director.
Where the above paragraph is not complied with in relation to any company, each director of that company shall, unless he satisfies the court that he took all reasonable steps that were available to him to secure compliance with the relevant provisions, be guilty of an offence and liable to a fine not exceeding level three.
Holding all things equal, directors’ names and personal information should be publicly available at the registrar’s office.
Directors must provide a service address (or ‘correspondence’ address), which will also be publicly available.
Find out on the disqualification for appointment as director.
