Many entrepreneurs face delays or rejections during registration. Understanding common mistakes can save time, money, and frustration.
Mistake 1: Not Reserving a Unique Name
- Duplicate or similar names cause rejection
- Check availability via eROC
- Reserve domain name simultaneously
Mistake 2: Incorrect eROC Account Details
- Use active email
- Fill personal and company info accurately
- eROC uses this for all official communication
Mistake 3: Missing or Incorrect Forms
- Forms 1, 18, 19 must be properly signed
- Upload PDFs in A4 format
- Mistakes cause delays or rejections
Mistake 4: Not Appointing a Licensed Company Secretary
- Mandatory for Pvt Ltd
- Handles filings, board resolutions, and compliance
- Avoid skipping this step
Mistake 5: Incorrect Articles of Association
- Standard Table A works for most companies
- Custom AoA must include objectives, shares, and multilingual names if needed
- Fee: LKR 2,360
Mistake 6: Ignoring Post-Incorporation Compliance
- Tax file (TIN)
- EPF/ETF registration
- Bookkeeping
- Annual tax filing
Skipping compliance can lead to legal issues.
Conclusion
Avoiding these common mistakes ensures fast approval, smooth operations, and legal compliance for your Pvt Ltd company.
