'Seventy percent 2012 new start-up registration target achieved'
-Minister Bathiudeen
 Sri Lanka's new start-up numbers in the first half of 2012 has
exceeded initial projections. "I am happy that as of June 29, new
company registrations of all forms stood at 3623 for 2012 January-June,
along with Rs 37.06 M ($ 277270) revenue from all types of company
registrations. The Department of Registrar of Companies under my
Ministry has also reported Rs 108.32m ($ 807900) revenue from their
overall operations During January to June, thereby meeting 70 percent of
2012 revenue targets already" said Minister of Industry of Commerce
Rishad Bathiudeen recently.
Minister Bathiudeen said this in the aftermath of the mid-year
progress review of his Ministry. Officials of all entities under the
Ministry of Industry and Commerce were present.
"I have been given to understand that still some Companies have
failed to file their returns on-time. We have initiated plans to
penalise such firms and measures will be implemented in due course. I
therefore warn all companies and entities who have not filed yet, to do
so and to avoid penalties" Minister Bathiudeen said.
Among the 3623 new registered firms from January to June 29, 2012 are
3507 private, public and 'limited by guarantee' firms, 101 associations,
14 foreign firms and one offshore firm. 12,913 annual reports also have
been registered in the same period. Also 7,183 new Company Names have
been registered by the Department of Registrar of Companies of Sri Lanka
in the same period.
Meanwhile, the latest registration figures (final) for 2011 from the
Department reveals that there are 51056 companies in Sri Lanka of which
7905 are new companies in 2011 [private limited companies (7027), public
limited liability companies (635), companies limited by guarantee (44),
associations (139), foregin companies (52) and one off shore firm],
re-registration of companies in 2011 at 2680 with a total re-registered
companies numbering 25,093 and total already registered companies
numbering 25963.
|
