Keyword Focus: “Pvt Ltd registration mistakes”, “company incorporation errors Sri Lanka”
Registering a Private Limited Company can be straightforward—but many entrepreneurs make simple mistakes that cause delays. Here’s how to avoid the most common errors.
Mistake 1: Choosing a Name That Already Exists
- Check eROC portal before submission.
- Avoid names similar to competitors.
Mistake 2: Incorrect Account Information
- Use a valid email.
- Ensure personal and company details match your official documents.
Mistake 3: Form Errors
- Form 1, 18, and 19 must be fully filled and signed.
- Upload PDFs correctly in A4 format.
Mistake 4: Skipping a Company Secretary
- Mandatory requirement.
- Prevents compliance delays and legal issues.
Mistake 5: Poorly Drafted Articles of Association
- Choose Table A for simplicity.
- Custom AoA must include objectives, shareholding, and multilingual names if needed.
Mistake 6: Ignoring Post-Registration Compliance
- Open TIN
- Bookkeeping
- EPF/ETF registration
- Annual returns
Conclusion
Avoiding these mistakes ensures a faster, smoother registration and sets the foundation for a legally compliant business.
