Director changes (director appointments and director resignations in Zimbabwe

Work with Register Your Company on director appointments and director resignations

Director appointment – summary

In Zimbabwe, to appoint a new director, most big companies tend to make the decision to do so at either an Annual General Meeting (AGM) or an Extraordinary General Meeting (EGM). If the board passes a majority vote to engage that person for the role, the motion is carried and that person can resume their new duties straight away.

For smaller companies, the process is much more informal and it’s usually laid out in their Articles of Association. The decision to take on a new director will normally arise out of informal and ad hoc discussions carried out between the shareholders and directors.

If you decide to appoint a new director, you must inform the Companies Registry within 21 days. Register Your Company offers a service which handles this entire process, including the paperwork, from just US$45.00.

For help and advice on the transfer of shares, please call, WhatsApp or text us on +263 786 507 158 or +263 (0242) 753 168 or email us at info@registeryourcompany.co.zw.

Director resignation or removal – our service

Our director resignation service includes the following:

Resignation of director letter – a letter from your existing director indicating that they wish to stand down. This you will keep in your company records.
Director resignation minutes – minutes for a board meeting where the resignation of director letter is accepted and passed, in accordance with the Companies and Other Business Entities Act (Chapter 24:32)
Resignation of director resolution
Completion and submission of the CR 6 form to the Companies Registry

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Director appointment and resignation Frequently Asked Questions

How long will the director changes take?

Once we have all the information from you that we require, you will receive the documentation required to start the process within 48 working hours.

The director changes will take 3-5 working days.

What information will you need about a director I wish to appoint?

The new director’s information:

Name(s) and surname
Nationality
National identity number
Address

How many directors should my company have?

Every Zimbabwean registered Private Limited Company must have at least two human directors.

Am I barred from appointing certain people as directors?

According to the Companies and Other Business Entities Act (Chapter 24:32), any of the following persons shall be disqualified from being appointed a director of a public compan—

a body corporate
a minor or any other person under legal disability
a person who is removed by the court from any office of trust on account
of misconduct save with the leave of the court
a person who has at any time been convicted whether in Zimbabwe or
elsewhere, of theft, fraud, forgery or perjury and has been sentenced
therefor to serve a term of imprisonment without the option of a fine or
to a fine exceeding level five

What information do you need to start the process?

We need the following:

Transferors information;

Name(s) and surname
National identity number
Address
Number of shares being transferred

Transferee’s information

Name(s) and surname
National identity number
Address
Number of shares being transferred

Is there a maximum number of directors my business can have?

The maximum number of directors is 50 for a Private Limited Company.

Do I have to offer or sell shares in the company to a new director?

No. There is no legal requirement for a director to own shares in a business.

Have a question? Contact us today

We provide FREE qualified guidance to help get you started with your business needs.

Tel: +263 (0242) 753 168

Cell: +263 786 507 158

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I just searched company registration in Zimbabwe on Google and found you guys. Your company registration service was outstanding. My company was registered within the specified time. I would recomend your service to anyone any day. Thank you.

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Founder, Belavin Incorporated

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