- Last Update 2025-06-06 17:44:00
Cabinet approves amendment of Companies Act to avoid money laundering
Cabinet has approved a proposal for the amendment of the Companies Act no 7 of 2007, in order to avoid money laundering and funding of terrorism. According to the government news portal, the government today said that it had identified the necessity of rapid legal amendments to avoid Money Laundering and Funding of Terrorism.
“Therefore it has been decided to make necessary amendments to the Companies act No.7 of 2007 to collect the details on shareholders who have more than 25% of company ownership of a company (excluding Limited Public Companies) or beneficiaries those who have active control of such company.”
Acting Minister of Industry and Commerce Champika Premadasa was named as the proponent of the said cabinet paper.
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- May 31, 2025 - 478 - 0
Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary
Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
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National Tax week launched
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
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SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.
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Mahindananda and Nalin Fernando Jailed
Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.
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Krishanthi Kumaraswami convicts FR dismissed by SC
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
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