Corporate Compliance

Understanding the Common Seal A common seal, also known as a company seal or corporate seal, is a stamped imprint that includes a company’s legal name and registration number. This seal is used on agreements and documents to signify that they have been executed by authorized agents or officers on behalf of the company. Essentially,…

In the dynamic world of business, making pivotal decisions is a routine part of a board of directors’ responsibilities. However, formalizing these decisions through a board resolution is crucial for legal compliance and maintaining a clear record of actions taken. Here’s why you should consider professional assistance for drafting your board resolutions. The Importance of…

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…

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…