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SRI LANKA Published as a Supplement to Part II of the Gazette of the Democratic Socialist Republic of Sri Lanka of March 23, 2007 ————————— ————————— [Certified on 20th March, 2007] Printed on the Order of Government ————————— COMPANIES ACT, No. 07 OF 2007
(1) A company shall not be registered by a name which— (a) is identical with the name of any other company or of any registered overseas company; (b) contains the words “Chamber of Commerce”, unless the company is a company which is to be registered under a licence granted under section 34 without the addition of the word “Limited” to ...
Companies Act, No. 07 of 2007. FIRST SCHEDULE [Section 14] MODELARTICLES. A. SHARES 1. Issue of shares (1) Subject to articles 1 (2) and 1 (3), of these articles, the board may issue such shares to such persons as it thinks fit in accordance with section 51 of this Act.
Duty of directors to act in good faith and in the interests of company. 187. (1) A person exercising powers or performing duties as a director of a company shall act in good faith, and subject to subsection (2), in what that person believes to be in the interests of the company.
(1) A company shall keep its accounting records in Sri Lanka. However, where the Registrar considers it not prejudicial to the national economy or to the interests of shareholders of the company, he may permit a company to keep its accounting records outside Sri Lanka. (2) If the records are not kept in Sri Lanka;
1. Short title. PART I. INCORPORATION OF COMPANIES AND RELATED MATTERS. Essential Characteristics of Companies. 2. Legal status and capacity of a Company. 3. Different types of companies.
The new Companies Act No. 7 of 2007 was enacted by the Parliament on 20 th October, 2006 and was certified by the Speaker on 20 th March 2007 . The provisions of the Act have been brought into operation on 3 rd May 2007 by an Order made by the Minister of Trade, Marketing Development, Co-operative and Consumer Affairs, and published in the ...
