Sri Lanka, Aug. 5 -- The Speaker, Dr. Jagath Wickramaratne, endorsed the certificate on the Companies (Amendment) Bill yesterday (4). The Companies (Amendment) Bill was passed in Parliament, with amendments, on July 23.

Accordingly, the amended Act introduces several provisions, including allowing the incorporation of a Company with a single Shareholder, extending the notice period for the public when changing a Company's name to 20 working days, prohibiting the issuance of bearer Shares or bearer Share Warrants, requiring notification to the Company regarding the issuance of bearer Shares or bearer Share Warrants and mandating the disclosure of the bearer's details to the Company Registrar within 60 days, requiring Companies to divide S...