The moratorium on incorporating ‘foreign-owned’ companies will be lifted from tomorrow (11).
On 14 January, the Registrar General of Companies (ROC) issued a notice on its website stating, “Incorporation of foreign owned companies in Sri Lanka with ROC is temporary held until further notice. (except BOI approved companies)
However, no further explanation or information was given in the aforesaid notice.
Reportedly, the moratorium had been imposed in accordance with directions given by the Government.
News reports also said that there was no provision in the Companies Act that gave discretion to the ROC to impose moratoriums of any kind on the incorporation of companies.
Moratorium on incorporating ‘foreign-owned’ companies lifted
10 Feb 2020
Moratorium on incorporating ‘foreign-owned’ companies lifted
10 Feb 2020
The moratorium on incorporating ‘foreign-owned’ companies will be lifted from tomorrow (11).
On 14 January, the Registrar General of Companies (ROC) issued a notice on its website stating, “Incorporation of foreign owned companies in Sri Lanka with ROC is temporary held until further notice. (except BOI approved companies)
However, no further explanation or information was given in the aforesaid notice.
Reportedly, the moratorium had been imposed in accordance with directions given by the Government.
News reports also said that there was no provision in the Companies Act that gave discretion to the ROC to impose moratoriums of any kind on the incorporation of companies.
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!