Introduction:
Selecting the ideal name for your business marks the commencement of your company registration voyage. At ASAC, we offer guidance on your chosen company name while ensuring alignment with legal requirements. Let’s delve into the crucial factors to consider when naming your Sri Lankan company.
Legal Requirements and Restrictions:
When it comes to naming your company, understanding the legal prerequisites and constraints is paramount. Here are some key aspects to consider:
Requirements:
- For listed companies traded on official stock exchanges, the name should conclude with “Public Limited Company” or “PLC”.
- Limited companies, where owners’ liabilities are restricted to invested capital, should end with “Limited” or “Ltd”.
- Private companies, not offering shares to the public, should conclude with “(Private) Limited” or “(PVT) Ltd”.
Restrictions:
- Avoid duplication with existing registered company names, locally or internationally.
- Disregard certain elements when determining similarity, such as the word “the,” punctuation, and variations in case or spacing.
- Exclude terms like “Chamber of Commerce” unless licensed.
- Prevent misleading names or those implying government patronage.
- Obtain consent for names containing terms like “Municipal,” “Co-operative,” or “National.”
After meticulously navigating these requirements and restrictions, your company name is poised for registration! Have queries? Drop them in the comments below!
Conclusion:
Selecting a company name involves more than mere creativity—it requires adherence to legal stipulations. By understanding and complying with these guidelines, you pave the way for a smooth company registration process in Sri Lanka. Trust ASAC to navigate you through every step of this journey.
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