Companies Act 2007 · As enacted · Part I · Incorporation of Companies and Related Matters Essential Characteristics of Companies
19. Method of contracting
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
A contract or other enforceable obligation may be entered into by a company as follows :—
an obligation which, if entered into by a natural person is required by law to be in writing signed by that person and be notarially attested, may be entered into on behalf of the company in writing signed under the name of the company by —
two directors of the company;
if there be only one director, by that director ;
if the articles of the company so provide, by any other person or class of persons; or
one or more attorneys appointed by the company, and be notarially executed;
an obligation which, if entered into by a natural person is required by law to be in writing and signed by that person, may be entered into on behalf of the company in writing signed by a person acting under the company’s express or implied authority;
an obligation which if entered into by a natural person is not required by law to be in writing, may be entered into on behalf of the company in writing or orally, by a person acting under the company’s express or implied authority.
The provisions of subsection (1) shall apply to a contract or other obligation —
whether or not that contract or obligation is entered into in Sri Lanka; and
whether or not the law governing the contract or obligation is the law of Sri Lanka.
For the purpose of this section, a company may use a generally recognised abbreviation of any word in the name, unless it is misleading to do so.
Part II
Private Companies
Part III
Companies Limited by Guarantee
Part IV
Shares and Debentures Prospectus
Part V
Shareholders and Their Rights and Obligations
Part VI
Registration of Charges Registration of Charges with Registrar
Part VII
Management and Administration Registered Office
Part VIII
Amalgamations
Part IX
Compromises with Creditors
Part X
Approval of Arrangements, Amalgamations, and Compromises by Court
Part XI
Provisions Relating to Offshore Companies
Part XII
Winding Up
Part XIII
Administrators Appointment of Administrator
Part XIV
Floating Charges
Part XV
Receivers and Managers
Part XVI
Registrar-General of Companies and Registration Appointment of Officers
Part XVII
Application of Act to Existing Companies
Part XVIII
Overseas Companies
Part XIX
Advisory Commission
Part XX
Companies Disputes Board
Part XXI
Offences Miscellaneous Offences
Part XXII
Miscellaneous Prohibition of Partnership with More Than Twenty Members
Part XXIII