Companies Face Rs. 1 Million Fine and 10-Year Jail Term for Failure to Submit Beneficial Ownership Details - LNW Lanka News Web

Companies Urged to Submit Beneficial Ownership Information Immediately - Business News

Companies that have not submitted their Beneficial Ownership information are being urged to act immediately, after the extended deadline expired on October 21, 2026. The Registrar General of Companies has issued a final warning to affected companies. Continued failure to comply could lead to legal action, including a fine of up to Rs. 1 million … The post Companies Urged to Submit Beneficial Ownership Information Immediately appeared first on Bu…

Companies Face Rs. 1 Million Fine and 10-Year Jail Term for Failure to Submit Beneficial Ownership Details - LNW Lanka News Web

The Department of the Registrar of Companies has issued a final warning to companies that have failed to submit their Beneficial Ownership information, cautioning that continued non-compliance could lead to legal action, including fines of up to Rs. 1 million and imprisonment for up to 10 years. In a notice issued on October 28, the Registrar General of Companies said the extended deadline of October 21, 2026, had expired and called on all compa…

Companies warned of Rs. 1 million fine, 10-year jail term over ownership disclosure failures

The Department of the Registrar of Companies has issued a final warning to companies that have failed to submit theirContinue Reading