So, you’ve got your sights set on Sri Lanka for your next business venture? Awesome choice! But hey, before you dive into the vibrant Sri Lankan market, let’s chat about the nitty-gritty of company registration and formation. Now, Sri Lankan Company law opens up two exciting avenues for you: Branch Office or Liaison Office. Yep, you’ve got options, my friend! Let’s break it down. Say you’re all about keeping things separate from your foreign company roots. Well then, setting up a limited liability company in Sri Lanka might be just the ticket for you. You’ve got the choice ..read more

Who’s the company secretary and what’s the role?A company secretary, also known as a corporate secretary or a company secretary, is an individual or a body of corporate responsible for ensuring the smooth and efficient administration of a company. They act as a link between the company’s board of directors, management, shareholders, and other stakeholders. The specific duties and responsibilities of a company secretary can vary depending on the jurisdiction and the size and complexity of the company. Company Secretary Sri Lanka The main roles of a company secretary include: 1. Compliance:  ..read more

Are you in the process of setting up a business in Sri Lanka and wondering about the role of a company secretary? Or perhaps you’re already established but considering outsourcing your company’s secretarial services? In either case, understanding the ins and outs of hiring a company secretary in Sri Lanka is crucial. Let’s delve into the key aspects you should consider before making your decision. Company Secretary Requirement in Sri Lanka: Under the provisions of the Companies Act No. 07 of 2007, every Limited Liability Company incorporated in Sri Lanka must have a company secretary. H ..read more

Streamlining Company Deregistration and Winding Up in Sri Lanka: A Comprehensive Guide In the lifecycle of any business, there may come a time when the decision to close down operations needs to be made. Whether it’s due to changes in market conditions, strategic shifts, or other reasons, knowing how to effectively deregister or wind up a company is crucial. In this article, we’ll provide an insightful guide on how to navigate the process of wrapping up company registration in Sri Lanka, covering key aspects such as deregistration, voluntary winding up, and the necessary procedures involved ..read more

Are you up to date with your Annual Return at the Registrar General of Companies (ROC)? You might be wondering if it’s necessary, especially if you haven’t conducted any business activities. Let’s delve into the significance of this process and why it matters for even the smallest of companies. The Annual Return isn’t directly linked to your business transactions, profits, or financial matters. Instead, it focuses on the charges created against your company’s assets and ensures accurate documentation of your company’s details. Think of it as a yearly confirmation of your company’s information ..read more

Introduction:  In a strategic move, Remitbee, a dynamic company based in Canada, has recently concluded its business registration process in Sri Lanka, solidifying its presence as a key development center. With headquarters situated in Mississauga, Ontario, Canada, Remitbee specializes in various financial services, including Fintech, Money Transfer, Remittances, Mobile Money, Online Currency Exchange, FX, Currency, and Customer Care. The company is on a mission to create a world with financial empowerment, offering Canadians a reliable platform for sending and exchanging money.  Why ..read more

As the year winds down, it’s time for companies to ensure they’ve got all their ducks in a row for the annual return filing with the Registrar General of Companies. This essential process is encapsulated in the mandatory Form 15, and there are some noteworthy updates from the Registrar General of Companies to be aware of this year. Before delving into the latest developments, let’s start with the basics: 1. What is an Annual Return? The annual return, encapsulated in Form 15, stands as a crucial document that all Registered Limited Liability Companies must submit to the Registrar General of Co ..read more

In the fast-paced world of business, efficiency and accessibility are key, especially when it comes to essential documents and company registration. Ananda Sirisena & Co introduces The Boardroom©, a Business Process Re-engineering platform designed to connect you seamlessly with your company secretary. This revolutionary mobile app not only simplifies data management but also transforms the way you handle critical documents, making company registration in Sri Lanka a breeze. The Boardroom: Bridging the Gap Virtually The Boardroom© acts as a virtual bridge between you and your company secre ..read more

We are thrilled to unveil the debut of our fresh brand identity and appearance! Exciting news! With immense joy, we share the launch of our new ASAC company logo, marking a pivotal step in our ongoing brand evolution. This encompasses a comprehensive transformation, featuring a new logo, color schemes, and typography. ASAC has journeyed through growth and evolution over the years, prompting us to recognize the need for a rebranding initiative. Our logo has been reimagined to mirror both our present identity and our future aspirations. Delving into our organizational values, we meticulously cra ..read more

Introduction: In the intricate landscape of corporate governance in Sri Lanka, Extraordinary General Meetings (EGMs) play a pivotal role in addressing urgent matters that demand the immediate attention of senior executives, the board of directors, and all shareholders. Governed by the Sri Lankan Companies Act of 2007, EGMs offer a platform to deliberate on issues that cannot be deferred until the next scheduled Annual General Meeting (AGM). In this blog, we delve into the intricacies of EGMs, exploring their significance, calling procedures, and distinguishing features from AGMs. Understanding ..read more