Tech & Crime: New Companies Act Makes Domain Registration Mandatory
By Jacob Mutisi
On November 15, 2019, the Government of Zimbabwe published in the Official Gazette and in February 2020 passed the long-awaited Companies and Other Business Entities Act. [Chapter 24:31] (the new “Companies Law”) annulling the Companies Law [Chapter 24:03] (“Old law”) and introducing a number of important new concepts and far-reaching changes in company law in Zimbabwe.
According to the tenth program [Section 303 (a)], when completing the registration process, besides the usual company name, company address, postal address, it is now mandatory for administrators to have a working email in as part of the registration process.
Thanks to the new regulations, 20 years ago the first item on the registration list would have been a physical business address, but today a business must have a domain, email addresses, and a website to appear legitimate. .
The point is that emails are required for business registration and companies now need to register a domain in the format: www.companyname.co.zw and have a business email address in the form: info @ companyname.co.zw and then have the director’s emails eg firstname.lastname@example.org, email@example.com, etc.
This goes hand in hand with cabinet approval of the Electronic Transactions and Electronic Commerce Bill.
There is now a government desire for Zimbabwean businesses to have an online presence.
It is necessary to amend the Law on Companies and Other Business Entities [Chapter 24:31] making domain registration mandatory before registering a business.
As a country, we should abolish the use of gmail, yahoo, Hotmail, and any other free email service for doing business. A corporate domain name www.companyname.co.zw is the face of your business. It includes the name of your business; this is how people communicate with you firstname.lastname@example.org and how people find you on the web, and this is the only place that can work for you every day.
World Bank research has shown that ‘Zimbabwe has a relatively well developed digital payment system, where 96% of all transactions in the country’s formal sector are done through digital means and only 4% are in cash. , and the government is using digital money. almost exclusively. “
A corporate domain, email, website, and online selling will eventually eradicate the use of cash for business transactions. Email is the fastest and cheapest form of communication and is now the last nail in the coffin of our postal system which is dying of natural causes due to advances in technology.
Creating a domain name for your business is one of the first steps most business owners should take.
This is how people find a business on the web, and it is a central part of a company’s branding identity.
The fact that some business owners decide not to create a domain email address is a missed opportunity. Having all the branding power of a corporate domain name and then using a gmail.com or yahoo.com email address is the easiest mistake to avoid.
Law on Companies and Other Business Entities [Chapter 24:31] was introduced to provide for the constitution, incorporation, registration, management and internal administration of companies and the liquidation of companies and private companies; allow voluntary registration of other business entities; ensure the suppression of disappeared companies and private companies by re-registering all existing companies and private companies; repeal the
Companies Act [Chapter 24:03] and the Private Joint Stock Companies Act [Chapter 24:11]; and facilitate the business registration process.
With this new law, businesses should take advantage of this great opportunity which allows them to easily have a web presence by immediately registering their domain, creating emails and a website while registering the business.
Zimbabwe will be the first country in the world to have 100% global domain and email registration, realizing the dream of a 100% digital economy.
To find out where and how to register domains, please call / whatsapp
- Mutisi is the CEO of Hansole Investments (Pvt) Ltd and the current President of Zimbabwe Information & Communication Technology, a division of the Zimbabwe Institution of Engineers.