Privatisation (Sale or Disposal of Property) Regulations, 1993

These Regulations apply to state-owned enterprises scheduled for privatisation under the Act.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction: Zambia
Instrument: Statutory instrument
Citation: SI 41 of 1993
Version: 11 Mar 1993
Language: en
Official source: View official record ↗

application processing approval conditions asset disposal leasing privatisation property transactions real property disposal regulatory notification reporting state-owned enterprise regulation state-owned enterprises

Publicly available, excluded from search-engine indexing

This page remains available for direct access and API use, but this release emits noindex,follow for the following reason:

The record does not meet this release's canonical indexing criteria. (market-indexing-disabled)

Statute overview

About this statute

These Regulations apply to state-owned enterprises scheduled for privatisation under the Act. A state owned enterprise must not sell or otherwise dispose of its property unless it has the Agency’s prior written approval. The Agency must process applications in the stated interests, tell the applicant its decision within 30 days, and may attach binding conditions when approving. A state owned enterprise must file specified sale information with the Director as soon as a sale is completed. A state owned enterprise must conduct any sale or disposal of its real property through a property management company, estate agent, auctioneer, or another class of persons specified by the Agency.

Read the provisions Ask with citations

Search within this statute

Search all stored provisions in this version.

Legal text

Provisions of Privatisation (Sale or Disposal of Property) Regulations, 1993

Showing 7 of 7

2
These Regulations apply to state owned enterprises sched• Application
Verify source ↗

AI-assisted research summary: These Regulations apply to state-owned enterprises scheduled for privatisation under the Act.

2. These Regulations apply to state owned enterprises sched• Application uled for privatisation under the Act.
3
(!) No state owned enterprise shall sell or otherwise dispose
Verify source ↗

AI-assisted research summary: A state owned enterprise must not sell or otherwise dispose of its property unless it has the Agency’s prior written approval.

3. (!) No state owned enterprise shall sell or otherwise dispose of property of state owned enterprise without the prior approval, in writing, of the Agency. Restriction on sale or disposal of property (2) The application forapproval referred toinsub-rcgulation( l ) shall be accompanied by- ( a) a board resolution of the applicant, authorising the sale or disposal of the property; (b) a schedule containing a description of the property in tended for sale or disposal; (c) a statement indicating the manner in which the property will be sold or otherwise disposed of; and ( d) a statement showing that the_ property is- (i) redundant, excess or obsolete; and (ii) free, apart from these Regulations, from any prohibition or ,-estriction on sale or disposal.
4
(I) The Agency shall process each application in the best
Verify source ↗

AI-assisted research summary: The Agency must process applications in the stated interests, tell the applicant its decision within 30 days, and may attach binding conditions when approving.

4. (I) The Agency shall process each application in the best interest of the state owned enterprise and on such terms and conditions as it thinks necessary or expedient. Processing of applica tions Copies of this StaluJory lnslrumenl can be obtained from the Governmenl Prinler, P.O. Box 30136. 10100 Lusaka. Price K50.00 each. 130 Statutory Instruments 11th March, 1993 (2) The decision of the Agency shall be communicated to the applicant not later than thirty days from date the application is received by the Agency. (3) le .gi;anting ;m application for approval, the Agency shall in its absolute discretion sa•.isfy itself that the sale or disposal of property is in the best interest of the applicant. (4) The Agency may, in granting its approval, impose such terms and conditions as it may think fit and such conditions shall be binding on all persons. Returns on sale of property
5
As soon as a sale is completed, a state owned enterprise shall
Verify source ↗

AI-assisted research summary: A state owned enterprise must file specified sale information with the Director as soon as a sale is completed.

5. As soon as a sale is completed, a state owned enterprise shall file with the Director information on the following- ( a) the date of completion; (b) the amount realised; (c) the date of removal of the property from the company register; and (d) any other information the Agency-may request. Sale of disposal of real property
6
Any sale or disposal of real property belonging to a state
Verify source ↗

AI-assisted research summary: A state owned enterprise must conduct any sale or disposal of its real property through a property management company, estate agent, auctioneer, or another class of persons specified by the Agency.

6. Any sale or disposal of real property belonging to a state owned enterprise shall be conducted through a property manage ment cpmpany, estate agent, auctioneer or such other class of persons the Agency may specify. Restriction on lease of property
7
(1) No state owned enterprise shall lease property for a
Verify source ↗

AI-assisted research summary: A state-owned enterprise may not lease property for more than one year without the Agency’s prior written approval.

7. (1) No state owned enterprise shall lease property for a period exceeding one year without the prior approval, in writing, of the Agency. (2) An application for approval shall be accompanied by- ( a) a schedule containing the description of the property intended for letling; (b) evidence that the intended lease is in the best interest of the state owned enterprise; (c) a resolution by the state owned enterprise authorising the leasing of the property; (d) a statement giving reasons for the proposed leasing; and (e) a draft lease agreement. (3) This Regulation shall not apply to a state owned enterprise whose main business is the letting of property. (4) The Agency may, in granting an approval under this Regu lation, impose such terms and conditions as it thinks fit and such conditions shall be binding on all persons. Statutory Instruments 11th March, 1993
8
A state owned enterprise that signs an agreement for sale,
Verify source ↗

AI-assisted research summary: A state owned enterprise must tell the Agency specified details when it signs a property sale, disposal, or letting agreement in the stated time window.

8. A state owned enterprise that signs an agreement for sale, disposal or letting of property after the coming into force of the Act but before the commencement of these Regulations shall commu nicate to the Agency the following information- 131 Lease information to be give� to Agency ( a) the parties; (b) the consideration; ( c) the duration of the lease; ( d) the date of expiration of the lease; ( e) the nature of the transaction; (f) the reasons for the transaction; ( g) the description of the property; (h) the effective date of the lease or date of sale of the property; and (i) any other information the Agency may request. LUSAKA 9th March, 1993 [MCJ.101/6/32] R. D.S. PENZA, Minister of Commerce, Trade and Industry

Provision text is displayed from LexChat’s stored statute record. Use the official source links to verify amendments, commencement, and current legal force.

About this LexChat collection

Publisher and coverage

LexChat is published by Esheria. Coverage reflects the legislation currently mapped from identified source collections; it may be incomplete, delayed, or later corrected. The official source controls where it differs from this research page.

AI and research method

AI-generated material is explicitly labelled and published only through LexChat's quality controls. It is a research aid, not the source document.

Corrections and reporting

Report a source mismatch, factual issue, personal-data concern, or licensing question to support@esheria.co.ke. Include this page's URL and the supporting official source so the record can be reviewed, corrected, restricted, or withdrawn.

Legal-information disclaimer

LexChat provides legal information and research tools, not legal advice. Verify currency, status, citations, and jurisdiction with authoritative sources and a qualified professional where appropriate.

Privatisation (Sale or Disposal of Property) Regulations, 1993

Publicly available, excluded from search-engine indexing

About this statute

Search within this statute

Provisions of Privatisation (Sale or Disposal of Property) Regulations, 1993

Ask AI about this statute

Sign in to ask AI about this statute