4.
| (1) The memorandum of every company shall, in stating the objects of the company, set out specifically, the primary objects of the company, that is to say, the objects which the subscribers or promoters intend that the company should carry out during the period of five years from the date of the commencement of business by the company. |
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| (2) The memorandum of every company shall state the ancillary powers proposed to be exercised or which may need to be exercised by the company for the purposes of carrying out its primary objects. |
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| (3) Nothing in the provisions of subsection (1) or subsection (2) shall be deemed or construed to preclude the memorandum from containing a separate statement of objects, not being primary objects, or of powers (whether general or special), in addition to those specifically set out under the provisions of subsections (1) and (2) : |
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| (4) The preceding provisions of this section shall apply in the case of companies formed on or after the appointed date. |
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Sri Lanka Consolidated Acts