Companies (Amendment) Act 2019

This Act may be cited as the Companies (Amendment)

Act, No. 13 of 2019.

Section 5 of the Companies Act, No. 07 of 2007

(hereinafter referred to as the “principal enactment”) is hereby amended in subsection (1) by the repeal of paragraphs (b)

and (c) thereof and the substitution therefor, of the following:-

“(b) assign a unique number to that company as its company number;

issue a certificate of incorporation in the prescribed form to the applicant company; and

notify the general public, within sixty working days of the incorporation of a company, by a notice published in a daily newspaper which has circulation in Sinhala, English and Tamil languages which shall specify –

name of the company;

the company registration number; and

the address of the registered office of the company.”.

Section 9 of the principal enactment is hereby amended as follows:-

by the repeal of subsection (1) thereof; and

in subsection (3) thereof, by the substitution for the words “subsection (1) or (2)” of the words,

Section 10 of the principal enactment is hereby amended by the repeal of paragraph (b) of subsection (1)

thereof, and the substitution therefor, of the following paragraph:-

“(b)

a request is made to the Registrar to do so within three months of public notice of the name being given under section 5 (1) (d) and section 9 (2) by another company or by a registered overseas company, where –

the name of the first mentioned company is so similar to the name of the requesting company that it is likely to cause confusion; and

the requesting company was registered with its current name before the first mentioned company was registered with the name objected to; or”.

In the event of any inconsistency between the Sinhala and Tamil texts of this Act, the Sinhala text shall prevail.