The Registrar of Companies is taking steps to strike off several companies that have failed to apply for re-registration which is a requirement under the Companies Act No. 7 of 2007.
With the war ending, investors are ready to sink nearly US$ 50 million into a government-planned tourism development project for Batticaloa.
Initial formalities on the Pasikudah resort, located on a 140 acre land owned by the national tourism authorities, have already started.
