Registrar of Companies (RoC) in Sri Lanka

What is a RoC (Private Limited Company) in Sri Lanka?

In Sri Lanka, a Private Limited Company (Pvt Ltd) is a legal business entity registered with the Registrar of Companies (RoC), offering limited liability to its shareholders.

• Definition:
  
  
  • A Private Limited Company is a separate legal entity where the shareholders’ liability is limited to their share capital.
    
    
• Characteristics:
  
  
  • Separate Legal Identity:
    
    
    • The company can own assets and incur liabilities independently of its shareholders.
      
      
  • Limited Liability:
    
    
    • Shareholders are only liable up to the amount they invested.
      
      
  • Perpetual Succession:
    
    
    • The company’s existence continues regardless of changes in ownership.
      
      
• Registration Authority:
  
  
  • The Department of the Registrar of Companies (RoC) oversees the incorporation and regulation of companies in Sri Lanka.