Important Notice to Directors and Secretaries: Submit Beneficial Ownership Information by 30 September 2026

The Department of the Registrar of Companies has issued an important notice to all directors and secretaries of companies in Sri Lanka. Every company that had Beneficial Owners when the Companies (Amendment) Act, No. 12 of 2025 came into operation must file their details with the Registrar. NCIT is passing the notice on to its members.

Who has to file

Section 130H(1) of the Companies (Amendment) Act, No. 12 of 2025 covers every company incorporated or registered under the Companies Act, No. 7 of 2007, or under any former written law relating to companies, that had Beneficial Owners on the date the amending Act came into operation. Those companies must submit the details of their Beneficial Owners to the Registrar, in the prescribed form and manner, within six months from that date.

The deadline is 30 September 2026

All directors and secretaries of companies that have not yet complied are strongly urged to submit the required Beneficial Ownership information on or before 30 September 2026.

How to submit

• File through the Beneficial Ownership System: https://bo.drc.gov.lk/login
• User guides and video tutorials: https://drc.gov.lk/en/?page_id=4607

What happens if a company does not file

The notice is direct about the consequences. Failing to comply within the stipulated period may bring administrative penalties. A company that fails to comply with the relevant provisions is also guilty of an offence and, on conviction, is liable to a fine not exceeding one million rupees (Rs. 1,000,000), or to imprisonment of either description for a period not exceeding ten years, or to both.

Where this notice comes from

It was issued by the Registrar General of Companies at the Department of the Registrar of Companies, under the Ministry of Trade, Commerce, Food Security and Co-operative Development. The full notice is published here: https://drc.gov.lk/en/?p=4944

Member companies that have not filed should treat this as a short deadline: confirm with your company secretary who your Beneficial Owners are, and file before 30 September 2026.