The Hon. Wasantha Samarasinghe - Minister of Trade, Commerce, Food Security and Co-operative Development

Jathika Jana balawegaya· Anuradhapura· 28 February 2025 ·Oral question: Oral Question 2 - Companies Registered with Registrar of Companies (Q.426/2025)

Public Finance

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The Minister answered a question on the Registrar of Companies, naming Mrs. K.A.P. de Silva as the current Acting Registrar General and providing a timeline of recent officeholders and vacancies. He stated that 223,383 companies had been incorporated from 5 May 2007 to 31 January 2025, with 202,426 active companies, and that registration normally takes two to four working days. He also reported total incorporation revenue of Rs. 9,906.748 million from 2003 to 2024 and said company-related processes under the Companies Act No. 7 of 2007 are online and computerized, though the Department is not fully automated.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 Mr. Speaker, the answer is as follows.

¶ 02 (a) (i) Mrs. K.A.P. de Silva (Acting Registrar of Companies). (ii) 01. Mrs. K.A.P. de Silva – from 30.12.2024 to date (Acting Registrar General of Companies) 02. Vacancy – from 21.11.2024 to 29.12.2024 03. Mr. S.A.M.L. Gunanilaka – from 09.07.2024 to 20.11.2024 (Acting Registrar General of Companies) 04. Mr. Sanjeewa Dissanayake – from 08.07.2021 to 01.07.2024 (Registrar General of Companies) 05. Mr. A.K.D.D.D. Arandara – from 03.01.2021 to 01.07.2021 (Acting Registrar General of Companies) 06. Mr. D.N.R. Siriwardena – from 01.01.2015 to 31.12.2015 (performed duties of Registrar General of Companies); from 01.01.2016 to 31.12.2018 (Acting Registrar General of Companies); and from 03.01.2019 to 02.01.2021 (Registrar General of Companies).

¶ 03 (iii) Total number of companies: 223,383 (from 05.05.2007 to 31.01.2025) comprising: - Private companies – 212,055 - Public companies limited by shares – 4,540 - Associations (Section 34) – 3,658 - Companies limited by guarantee (Section 32) – 1,229 - Foreign companies – 537 - Offshore companies – 107 - Listed public companies – 254 - Companies limited by ? – 03

¶ 04 (iv) Number incorporated: 2010 – 6,341 2015 – [figure in annex] 2020 – [figure in annex] 2021 – [figure in annex] 2022 – [figure in annex] 2023 – [figure in annex] 2024 – 27,133 2025 up to 31.01 – 2,461 (See Annex 02 – tabled.)

¶ 05 (v) 2 to 4 working days to grant registration.

¶ 06 (vi) Rs. 9,906.748 million – total revenue from 2003 to 2024 from incorporation of companies. (See Annex 03 – tabled. Annexes 01, 02, 03 placed in the Library.)

¶ 07 (vii) Active companies – 202,426.

¶ 08 (viii) No. The Department’s functions are not fully automated. However, all activities relating to a company under the Companies Act No. 7 of 2007 can be carried out online. Use of printed documents ceased in June 2021, and all documents and processes are computerized.

¶ 09 (b) Not applicable.

Provenance

Source: Hansard, Friday, 28 February 2025 ·No. 1741927369029372 ·English daily/uncorrected Hansard
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Cite as: The Hon. Wasantha Samarasinghe - Minister of Trade, Commerce, Food Security and Co-operative Development. 10th Parliament, Parliament of Sri Lanka. Hansard, 28 February 2025. No. 1741927369029372. Politick, https://staging.politick.io/lk/speeches/26207