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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…

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…

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…

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…

In our ongoing commitment to keeping our readers informed about the latest developments, we bring you an update on company registration in Sri Lanka for the year 2023. The Registrar General of Companies has introduced new rules and guidelines that streamline the registration process, making it more efficient and user-friendly. Here are the key changes…

In the dynamic landscape of today’s business world, the need for instant access to vital company documents is more crucial than ever. Recognizing this demand, Ananda Sirisena & Co (ASAC) is excited to announce the launch of The Boardroom Mobile App, a powerful tool designed to simplify and streamline your business management experience. in Simple…

When starting a company, there are various legal aspects to consider, and one of them is the “Articles of Association.” You might wonder what this document is all about and why it’s important. In this article, we’ll break it down in easy-to-understand language. What Are Articles of Association? Think of the Articles of Association as…

As your business grows, some shareholders may want to transfer their existing shares to other people. They can transfer these shares either by a sale or agreement. If they’re selling their existing shares, they can sell to individuals or corporate entities such as another limited liability company. Existing shareholders can also transfer shares to each…

Form 20: A Vital Document for Companies in Sri Lanka In Sri Lanka, there’s a necessary document called Form 20. This document must be sent to the Registrar of Companies within 20 days when a company appoints, removes, or makes changes to the details of a director or secretary. Directors are people elected by the…

What to do when your company is stuck in a deadlock When you run a company with other people, you need to make decisions together about the business. Sometimes, you might disagree with each other and not be able to reach a consensus. This is called a deadlock and it can happen at any level…