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Can Foreign Shareholder Hold 51% shares in a Limited Liability Company?

July 4, 2017July 6, 2017 Priyadharshini Natarajah

According to the LAND (RESTRICTIONS ON ALIENATION) ACT, No. 38 OF 2014, Section 2 says that, (1) Notwithstanding any provision to the contrary in any other written law, the transfer of title of any land situated in Sri Lanka shall be prohibited if such transfer is (a) to a foreigner; or (b) to a company incorporated […]

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Commercial LawCompanies Act company Company Limited by Guarantee condominium Limited Liability Company ownership transfer4 Comments

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