10th Parliament· 154 sittings on record · 30,475 speeches · latest 10 June 2026

Sitting of Wednesday, 23 July 2025

10th Parliament· 21 debates· 262 speeches· 60 speakers

Source: Hansard PDF (parliament.lk) ↗ ·No. 1754386160089643 ·English daily/uncorrected Hansard

Order of business

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  1. 20 Procedural Committee Stage: Companies (Amendment) Bill – Clauses and Amendments 6 speeches
    • Committee Stage Proceedings (in Committee)

      AI summary During the Committee Stage, Clauses 1 to 3 of the Bill were considered and ordered to stand part of the Bill. No debate, amendment, or specific objection is recorded in this excerpt.

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    • The Hon. Wasantha Samarasinghe JJB

      AI summary Wasantha Samarasinghe moved an amendment to Clause 4 of the Bill to state that a share certificate shall not be required and to require records to include the persons to whom shares were issued and their addresses. The amendment was agreed to, and Clause 4 as amended, along with Clauses 5 and 6, was ordered to stand part of the Bill.

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    • The Hon. Presiding Member procedural
    • The Hon. Wasantha Samarasinghe JJB

      AI summary Hon. Wasantha Samarasinghe moved several amendments to the Companies (Amendment) Bill concerning disclosure of beneficial ownership, including definitions of residents and persons exercising authority, a three-month disclosure requirement for existing companies, and public access to specified beneficial ownership information through the Registrar. He also proposed provisions for certified copies on request with a prescribed fee, penalties including fines or imprisonment, and technical wording changes to the registration system. The amendments were agreed to, Clause 7 was passed as amended, and Clauses 8 to 13 were ordered to stand part of the Bill.

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    • The Hon. Wasantha Samarasinghe JJB

      AI summary An amendment was moved to Clause 14 of the Bill, amending section 471 of the principal enactment, to replace the wording on page 16 with a reference to service “as the Additional Registrar General of Companies or as an Assistant Registrar of Companies.” The amendment was agreed to, Clause 14 as amended was ordered to stand part of the Bill, and Clauses 15 to 18 were also approved.

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    • The Hon. Wasantha Samarasinghe JJB

      AI summary Wasantha Samarasinghe moved amendments to Clauses 19 and 20 of the Bill, including setting a fine not exceeding Rs. 80 million and revising wording on transfers of money or property linked to profit distribution. The amendments were agreed to, the remaining clauses and schedule were approved, and the Bill was reported with amendments. He then moved the Third Reading and sought leave to correct linguistic, typographical, grammatical, numbering, and consequential errors, after which the Bill was passed.

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