With a rich history spanning over 15 years, Corporate Interface stands as a stalwart in aiding enterprises in embarking on their journeys within Sri Lanka. Our expertise spans the entirety of company establishment, encompassing the intricacies of registration via the Department of Registrar of Companies (www.drc.lk.). Beyond mere documentation, our comprehensive support extends to providing meticulous secretarial services tailored to cater to your diverse business requisites.
Company enrolment is performed via the www.drc.lk.
From documentations to reports, we will perform all your Secretarial needs.
Process of Registration of a Private Limited Company
The process of initiating company registration commences with the reservation of a name. This designation must be distinct from any existing local or overseas registered company. Upon successful reservation, the name is valid for a duration of 90 days from the date of approval. An integral step involves the inclusion of stakeholders in the Electronic Registrar of Companies (EROC) system. This encompassing step pertains to directors, shareholders, and the company secretary who hold pivotal roles within the organizational structure.
Defining the company's scope, managerial responsibilities, and administrative framework, the Articles of Association assume a pivotal role. This document elucidates objectives, delineates managerial rights and duties, and governs the operation of the company.
To culminate the registration process, specific documents necessitate submission. Form 1, encompassing comprehensive particulars regarding the company, shareholders, directors, and secretary, is requisite. Additionally, Form 18 (directors' consent), Form 19 (secretaries' consent), and the Articles of Association are essential components of the submission.
Finalizing the registration entails monetary transactions facilitated through the EROC system, resulting in the issuance of a Business Registration Certificate. This certificate serves as the definitive attestation of your company's adherence to the Companies Act and its official registration status.
Shareholders are the owners of a company and their percentage of ownership, or shareholding, is important. The names of the initial shareholders are recorded in Form 01 and it is the board of directors who determine the value of a share.
Read MoreA company has three main stakeholders: directors, shareholders, and the secretary. These stakeholders may change over time due to resignation, death, removal, or appointment. To make these changes, you must follow the rules and regulations outlined in the Articles of Association and the Companies Act No. 07 of 2007.
Read MoreForm 15 is an annual report that must be filed with the Department of Registrar of Companies by a company each year. The first annual report must be filed within 18 days of the company's incorporation. The annual report has a specific structure and must be filed at least 14 days before the annual return date.
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