Home / News/ Sections in the Companies Act to be amended

Sections in the Companies Act to be amended

Comments / {{hitsCtrl.values.hits}} Views / Thursday, 6 September 2018 00:52


A host of proposals made by Industry and Commerce Minister Rishard Bathiudeen, including amendments to the Companies Act No. 07 of 2007, were approved by the Government yesterday. 

The Cabinet of Ministers gave approval to gazette the reforms to Sections 5, 9 and 10 of the Act, enabling the Registrar to make public announcements regarding an Incorporation of a New Company, and to issue instructions to a Company to revise its name.

A proposal made by the Minister to develop an Industrial Zone for Small Scale Entrepreneurs, in the 100 acres of area formerly used by Kankesanthurai Cement Factory, was also approved during yesterday’s Cabinet meeting. Under the proposal, infrastructure needed by the Industrial Zone for Small Scale Entrepreneurs will be developed under a Rs. 998 million investment.  Further, the Government also approved development programs proposed by Minister Bathiudeen under the Tharapuram Co-operative Village Program in Mannar District. The Minister proposed the construction of a Convention Centre, using the allocated provisions under the program. 

Share This Article

Facebook Twitter


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

No more stones to break Sri Lankan bones

Friday, 19 April 2019

Trial by fire is not a new ordeal to Christian community. It predates Notre Dame and Nazism by millennia. In fact, a decade or so before Nero torched believers to light Roman avenues, Jewish religious leaders put Jesus-followers to the test as the Ch

Wounding the social psyche

Friday, 19 April 2019

In this article, I intend to discuss the serious wounds inflicted on the psyche of Sri Lankan society, which have not received adequate attention, but need immediate cure, for they might develop into a dangerous cancer if not treated without further

What 5G could be to Game of Thrones (and vice versa)

Friday, 19 April 2019

We will be hearing a lot about these two seemingly unrelated topics this month. In a hurriedly but meticulously organised event, Dialog Axiata recently demonstrated 5G applications for the first time in South Asia. 5G will be commercially available

On time – Only for a week! A must-change!

Thursday, 18 April 2019

We are in April and the month where we witness the declaration of a new year as per our traditional practice. It is that period of time when a huge majority of our population, which certainly can be counted in millions, intends to act in unison and q

Columnists More