{
  "id": 1793736,
  "title": "Regulations published under the Companies Act No. 07 of 2007 and the Societies Ordinance No. 16 of 1891 to Parliament",
  "url": "https://urgent.news/2026/08/18/regulations-published-under-the-companies-act-no-07-of-2007-and-the",
  "topic": "world",
  "section": "World",
  "published": "2026-08-18T17:29:31.000Z",
  "source": {
    "name": "The Island Sri Lanka",
    "slug": "the-island-sri-lanka",
    "url": "http://island.lk/regulations-published-under-the-companies-act-no-07-of-2007-and-the-societies-ordinance-no-16-of-1891-to-parliament/"
  },
  "original_language": "en",
  "account": "The Public Finance Circular No. 01/2020 initiated changes in the fees charged by State Institutions, as well as the introduction of new fees. This regulation grants institutions the authority to review charges specified in acts or laws governing fee prescription, collection, or revision. The Companies Act No. 07 of 2007, Section 527, and the Societies Ordinance No. 16 of 1891, Section 477, outline the conditions under which charges can be imposed. The Department of Companies Registrar's service charges were last revised through an extraordinary gazette notification No. 2303/07 on 25.10.2022. The Cabinet of Ministers approved a resolution, presented by the Minister of Trade, Commerce, Food Security, and Cooperative Development, to publish the companies and societies charges regulations in the extraordinary gazette notification No. 2496/03 of 06.07.2026. This amendment aligns the charges with current circumstances and requires the Parliament's consent.",
  "summary": "Revision of fees charged for service supply by the State Institutions and charging new fees are introduced by the Public Finance Circular No. 01/2020 and the corresponding circulars Accordingly, the institutions to whom powers are entrusted by provisions are eligible to revise the relevant charges as mentioned in the act/ law in regard to the […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}