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2. Amendment of section 4 of Act…

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Section 4 of the Companies Act, No. 07 of 2007

(hereinafter referred to as the “principal enactment”) is hereby amended by the repeal of subsection (2) thereof and the substitution therefor, of the following: -

“(2) A company, other than a company limited by guarantee, may have a single shareholder, who may -

(a)

be a natural person;

(b)

be a body corporate; or

(c)

be the Secretary to the Treasury holding shares on behalf of the Government of

Sri Lanka.”.

Read on from s 3

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