The Sundaytimes Sri Lanka

Absence of Registrar General of Companies disrupts new business start up


Sri Lanka’s new business start-up process has been disrupted in the past few days as the Department of Registrar of Companies is now operating at snail’s pace since the June 28th retirement of Registrar General D.K. Hettiarachchi, several applicants who visited the department for business registrations, told the Business Times.

Mr Hettiarachchi retired on June 28 after holding the top post for 15 years. The registration process at the department has since then come to a standstill as it was virtually headless, they said. Initially the Ministry of Industry of Commerce didn’t make an acting appointment as the Deputy Registrar General Rohini Wijesuriya was reluctant at that time to take up the post, a top official of the ministry said.

But that issue has been settled and Ms Wijesuriya is now the acting head, he said. Earlier the ministry had tried to obtain the services of a senior official at the Attorney General’s Department to fill the vacancy as this post requires some legal knowledge on business matters. But that didn’t materialize, he added. He said the ministry plans to advertise the post, shortlist candidates and get cabinet approval after which the backlog of applications for business registrations would be cleared.

The Ministry, in a media release this week, said Sri Lanka’s new business start-up numbers in the first half to June 29 of 2012 exceeded initial projections. New company registrations of all forms stood at 3623 for 2012 January-June, along with Rs 37.06 million in revenue from all types of company registrations.

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