Registration of Guarantee Limited Company or Association in Sri Lanka | eSecretary

Registration of Company Limited by Guarantee ( Section 32 )
Registration of Associations ( Section 34 )

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Name Check
Guarantee Limited Company or Association

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Guarantee limited or Association

Check if your selected Guarantee Limited Company or Association name is available to register

Apply for Guarantee Limited Company or Association Name Check

Incorporation

Company Limited by Guarantee

Company Limited by Guarantee under section 32 of the companies Act, two or more persons may apply to form a company limited by guarantee by making an application to the Registrar of Companies.
A company limited by guarantee shall have articles that sets out

  • The objects of the company
  • The amount which each member of the company undertakes to contribute to the assets of the company, in the event of such company being put into liquidation

Incorporation

Association

Association under section 34 of the companies Act, two or more persons may apply to form an association by making an application to the Registrar of Companies.
A company limited by guarantee shall have articles that sets out

  • The objects of the company
  • The amount which each member of the company undertakes to contribute to the assets of the company, in the event of such company being put into liquidation

Registrar of Companies is satisfied that an association about to be formed is to be formed for

  • Promoting commerce, art, science, religion, charity, sport, or any other useful object,
  • Intends to apply its profits, if any, or other income in promoting its objects,
  • Prohibit the payment of any dividend to its members

May by license direct that the association be registered as a company limited by guarantee, without the addition of the word “Limited” to its name


Process of Registration of a Guarantee Limited Company or Association.

by searching for your unique Company Name, you can check the Name Availability. (Provided there is no similar company name to the proposed company name).



You have to select either Section 32 or section 34
Based on the name reservation type, your name in the Registration Certificate will be issued
Article of Association is used to reveal the objectives of the company, rights, and obligations of the members of the guarantee limited company or Association and the management and administration of the company.

The drafted Articles of Association need to be attached when you proceed with the name reservation.

After the payment, you can reserve your proposed company name for 3 months

Directors, members, and the company Secretary are the main Stakeholders, and they are the main pillars of the Company. It is essential to give all necessary details of the Stakeholders.

Form 5 - Summary details of Company, Members, Directors, and Secretary
Form 18 - Consent of the Directors
Form 19 - consent of the Secretaries
Article of Association
BR Certificate -Business Registration Certificate is the valid document that you have at hand to prove that your company is registered under the Companies Act.

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Government Costs

Name Reservation Rs.2,000
Form 5 Rs.30,000
Form 18 Rs.2,000
Form 19 Rs.2,000
Certified Copy of Form 1 Rs.1,000
Certified Copy of Article of Association Rs.1,000
Statutory Costs = Total
Rs.41,968
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Guarantee Limited

Section 32
LKR60000
  • Legal Advice
  • Drafting Articles of Association
  • Apply for TIN Certification
  • Online Board Meeting
  • One Year Retaining Fee
Pricing Icon

Associations

Section 34
LKR70000
  • Legal Advice
  • Drafting Articles of Association
  • Apply for TIN Certification
  • Online Board Meeting
  • One Year Retaining Fee
  • Comply with the Guideline -ROC
  • Newspaper Publication

Price Calculator

Items: Price:
Goverment Charges: 0
Agency Fee : 0
Local Directors: 0
Local Members: $0
Local Institutional Members: $0
Foreign Directors: $0
Foreign Members: $0
Foreign Institutional Members: $0
Embossed Seal: $0
Director Seal: $0
Newspaper Publication: $0
Total $0










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* Above fees are not applicable for institutional shareholder

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