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Census of Industry 2004

Sri Lanka, 2003
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Reference ID
LKA_2004_CIMQ_v01_M
Producer(s)
Department of Census and Statistics
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Sep 15, 2013
Last modified
Mar 29, 2019
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1.2.6 Status (STATUS)

Data file: 1-TRADE_MQ_REC

Overview

Valid: 0
Invalid: 0
Type: Continuous
Decimal: 0
Start: 178
End: 178
Width: 1
Range: -
Format:

Questions and instructions

Literal question
1.2.6 What is the current legal Status of your establishment?
Categories
Value Category
1 Publicly listed Company
2 Privately held Limited Company
3 Partnership
4 Sole proprietorship
5 State Corporation
6 Co-operative
7 Other
Warning: these figures indicate the number of cases found in the data file. They cannot be interpreted as summary statistics of the population of interest.

Description

Definition
1.2.6 Legal status : The breakdown of legal organization given here, is based on definitions of companies Act. No. 17 of 1982
• "Public" company requires no fewer than seven members, and there is no limit as to the maximum number of members it can have.
• "Private" company has a minimum of two and a maximum of fifty share holders also restriction on the right to transfer its shares and prohibits any invitation to the public to subscribe for any shares or debentures.
• "Partnership" is an agreement either written or verbal among the partners (Minimum 2, Maximum 20) for the purpose of making profits (written or verbal agreement of the partner or under the partnership Act of 1918)
• "Co - Operative" - The establishments which are registered under the Act of co-operative.
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