Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Business Names Act (No. 7 of 1987) - Sect 3

Firm or person in Sri Lanka acting on behalf of foreign principal or foreign group

3.
(1) Any firm or person in Sri Lanka acting on behalf of a foreign principal whether under a business name or otherwise for the general purpose of the business of such foreign principal and having obtained a direction of exemption under the provisions of section 3 of the Companies (Special Provisions) Law, No.19 of 1974, shall be registered In the manner provided by this Act, and shall in addition to the particulars of such firm or person required under section 5, furnish the following particulars in respect of each such foreign principal:-
(a) the business name and address and the nature of the business of the foreign principal :-
(b) the date when the firm or person in Sri Lanka commenced to act, for such foreign principal.
(2) Where the business of a firm or person referred to in subsection (1) consists wholly or mainly acting on behalf of a foreign principal or on behalf of a foreign group, such firm or person shall, in addition to furnishing the particulars required by subsection (1), furnish the following particulars regarding that foreign principal or the member of that foreign group for which the said firm or person generally transacts business: -
(a) the situation of the principal office of the business wherever situated;
(b) the date of the commencement of the business;
(c) the place of business, if any, in Sri Lanka;
(d) in the case of any individual who is a proprietor or partner-
(i) the present name in full;
(ii) the nationality; and
(iii) the usual residence;
(e) in the case of any corporation which is a proprietor or partner-
(i) the corporate name ;
(ii) the law under which such corporation was incorporated ; and
(iii) the registered principal office of such corporation.
(3) The Registrar may notify any firm or person referred to in this section carrying on business in Sri Lanka to furnish within the time set out in such notification such additional particulars concerning a foreign principal or a member of a foreign group as may be specified in such notification.
(4) In this section-


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]