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Compare types of companies
Private Limited Company
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Private Business Corporation
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Cooperative Company(Co-op) |
| Has a legal persona of its own | Has a legal persona of its own | Has a legal persona of its own |
| Has perpetual succession | Has perpetual succession | Has perpetual succession |
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Limited to a maximum of 20 directors
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Limited to a maximum of 50 directors | |
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Shareholders are owners and can be different from Directors
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Members (Directors) are the same as shareholders or owners | |
| Both companies and individuals can be shareholders | Companies cannot be shareholders or hold a member’s interest; only individuals can be shareholders | Companies cannot be shareholders or hold a member’s interest; only individuals can be shareholders |
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Output is a certificate, memorandum, articles, CR6 and CR14
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Output is incorporation statement and bylaws | |
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Registered articles of association
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Articles of association are not required | |
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Annual returns are compulsory
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Does not require annual return to be lodged | Does not require annual return to be lodged |
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Has share capital
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Has member’s contributions | |
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Has an auditor
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Has an accounting officer | |
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Annual general meeting is required
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Annual general meeting not required | |
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Shareholders hold shares
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Members hold member’s interest | |
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Can acquire its own shares under certain circumstances
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Can purchase a member’s interest | |
| Directors are responsible for the day to day management of the Company | Members are responsible for the day to day management of the Company |
A committee nominated by the members is responsible for the day to day running of the Company |
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Offers limited liability to its owners
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Offers limited liability to its owners | Can either offer or not offer limited liabilities to the members of the Company |
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Audited financial statements
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No financial statements needed | |
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Prohibition on a company to provide financial assistance for the acquisition of its own shares
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No prohibition on a PBC to provide financial assistance for the acquisition of a member’s interest |
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Company
Zimbabwe Companies Registry website is owned by Companies Made Easy a Numeri Inc company a company registered in Zimbabwe at Pockets Building, 50 Jason Moyo Avenue, 2nd Floor, Room 208 & 209, Harare, Harare, Zimbabwe. Companies Made Eas offers company registration and related services in Zimbabwe.
Tel: +263 (0242) 753 168
Mob: +263 715 142 498
Mob: +263 786 580 543
E-mail: info@zimbabwecompaniesregistry.org
Company No: 15985/2019
BP No: 185 8695 41
Copyright 2023 © Numeri Inc.
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We are a registered company registration agent with the Deeds, Companies & Intellectual Property (DCIP) which registers company registration agents in Zimbabwe.
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