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11 March 2005

Zimbabwe Government Gazette dated 2005-03-11 number 24

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            ‘'>r'"”'                                                ZIMBABWEAN
                                                                                                        .......................................... ...........................


                   GOVERNMENT GAZETTE
                                                             EXTRAORDINARY
                                                                      Published by Authority:
\.
            Vol. LXXXIII, No. 24                                       11th MARCH, 2005                                                                Price $4 200,00 V


m    -   General Notice 101 of 2005.                                                          General Notice 102 of 2005. ■ ;=
                           BANKING ACT [CHAPTER 24:20].                                               LAND ACQUISITION ACT [GflAErEE 20:10]

           Application for Certain Sections of the Banking Act to Certaiit
                                Financial Institutions                                               Preuminary Notige to CoMPutsoRiLY. Acquire L.AND
             IT is hereby directed that, in tenns of section 3(3) of the Banking
          Act [Chapter 24:20] (“the Banking Act”), with effect from the date              NOTICE is hereby given, in terfnshf subseGtion (1) of section 5
          of publication of this notice—                                              of the Land Acquisition Act [CteptehZO.UO], that the President;:-, ,
             (a)sections 9, 12, 16, 17, 18, .19, 20, 21, 26, 27,' 28,' 29; 30„        intends to; acquire compulsorily .thfelandideseribed in th^BcheduMfi:A
                     31,35,36(3), 40,43,44,45,46,47,48,49,50,51,52,'53,               for reSettlcmerit purposes.
                     54, 55, 56, 57, 58, 60,;61„62, 63, 64, 65, 66, 67, 68, 69,           A plan of the landiis .available jfor ■inspection, at. the .fQllo.wing
                     70,71,72,73,74,75,76,77,78,79 and 80 of the Banking               offices of the Ministry of Special Affairs iii the Office of the
                     .Act shall apply to every building society registered or         President and Cabinet responsible .for Lands,. Land ,Reform .and/ .
                     required to be registered in tenns of the Building Societies     Resettlement between 8 a.nl. ,and/4 p:m. from Monday to, Friday' , '
                     Act fC7iap/er 24.-(72];                                           other than on a public holiday on pr before the 11 th of April, 2,005-^ ; :
             (b) sections 45, 46, 47, 48, 49, 50, 51 and 52 of the Banking
                     Act shall apply' to the People’s Own Savings Bank                 . (a) Block 2, Makombe. Complex, cnr. Harare Street'and :                        ;
                     operating under the People’s Own Savings Bank Aoj|,c:                 „       :.Herbert;Chitepo Avenue, Hmnre;. .;; ,,. ■ ^
                     [Chapter 24:22];                                    ^                 (b). ■ Ministry^ of Lands,. Land Refenn-and- Resettlemenf./ G
             (c)     sections    13, 15,  16,  17, 21, 22, 24, 26, 38, 42, 45, 4b,                   119, Government CbmpdritpElock, Robert Mugabe Way, i .
                     48,49,50,51,52,57,60,61, 62; 63,76,7,7,79, 80 of the                           Mutare;      -',                                            .-
                    •Banking Act shall apply to every asset manager registered             (c) ‘ Ministry of Lands, Land Reform .an| Resettlement, Office ..;
                     or required tq»be registered in terms of the Asset
                     Management :Aef [Chapter 24:26];                                           .. 146, Fourth Floor, Block H, Mhlahlandlela Government. ,
                                                                                                    Complex, Bulawayo;            .
             (d) sections 9, 11, 13, 17, 19, 20, 21, 22, 24, 25, 26, 36, 41,
                     42, 43, 44, 57, 60, 61, 62, 63, 64, 74, 79 and 80 of the              (d) Ministry of Lands, Land Reform And Resettlement,. M &■
                     Banking Act shall apply to every unit trust scheme                             W Building, comer Park/Link Streets, Chinhoyi;
                     registered or required to be registered in terms of the
                     Collective Investment Schemes Act [Chapter24:19]\ and                 (e) Ministry of Lands, Land Reform and, Resettlemeht; First '
                                                                                                 7. Floor, Founders House;;The:..Qfeeh, Mafondera;
             (e) ; sections 8(1), 8(3), 8(5)(b)(i) and (ii), 8(6), 9; 12,13,14,
                     15, 17, 19, 21, 22, 24, 25, 26, 37. 45, 46, 47; 48;49, 50,           (ri^:,-;Ministry:of,Lands;.1Land-Refcirm;:ahd;Reseltlenient,/f9;i;/; .
                    51, 52. 57, 60. 61, 62, 63,-73(l)(c)^(d),/(e); (f). (g),:(h),           : :■    Hellet Street, Masvingo;
                    (o), 73(2), 73(3), 73(4), 73(5), 73(6), 73(7), 74' 75,
                     76( 1 )(a), (b), (c), (f), 76(2), 76(3), 76(4), 77, 79 and 80 of     (g) Ministry of Lands, Land'Reform and Resettlement, ; .
                     the Banking Act shall apply to every moneylender licensed                      Exchange Building, Main Street, .Gweru;.             ,)
                    or required to be licensed in terms of the Moneylending               (b) Ministry of Lands. Land Refoifn and Resettlement, Office
                    and Rates of Interest Act [Chapter 14:14].                                      No. F20, First Floor, Mtshabezi Building, Gwanda;-
                                                                                                 ■    ■                                                       '--.'7.:
             Wherever the tenn “banking institution” appears in any of the               ,(i)       Ministry of Lands, Land Reform: apd Resettlement,
         above-mentioned sections of the Banking Act, the words/“asset
                                                                                                    Ndodahbndo Building,.Bindura;
         manager”, “building society”, “unit trust” and “moneylender” shall
         be substituted, as applicable.                                                   Any owner or occupier or any.dthef.persbh/whp.has :an intefesf,./;,:.
                                                                                      and right in the said.land, and who. wis,hes;to objectfp.the:pfbp^               -.
             In addition, the Banking Regulations, 2000, published in
         Statutory Instrument 205 of 2000, shall apply to the financial               compulsory acquisition, may lodge the same, in writing, witH;.ttie:.:;; ■ ‘
         institutions mentioned in paragraphs (a) to (e) to the extent necessary      Minister of Special Affairs in the OfEcepf the President aiidGabine.t;,-)-/
         to give effect to those sections of the Banldng Act [Chapter 24:20]          responsible for Lands, Land Reform and Resettlernent, Private Bag".
         as are applied to them.                                                      7779, Causeway, Harare, on or before the 11th of April, 2005;): .■; •■/ A

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