Company Secretary Practice Test & Exam Prep | Sri Lanka
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About this Exam
How to Prepare for the Company Secretary Sri Lanka Exam (August 2026)
By the QuizzPrep Team Published: August 17, 2026 | Last Updated: August 17, 2026 Estimated Reading Time: 8 minutes
Achieving your qualification as a registered Company Secretary in Sri Lanka opens doors to premier corporate governance roles. Prepare effectively with our comprehensive study materials and practice modules designed around the latest statutory frameworks.
Sample Questions
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Additional Information
Free Company Secretary Sri Lanka Study Tools
Interactive Flashcards: Master complex legal definitions, compliance deadlines, and statutory terms quickly. Access Flashcards →
Comprehensive Study Guide: Navigate the Companies Act No. 7 of 2007 with our structured, easy-to-read chapter summaries. Read the Study Guide →
Exam Cheat Sheet: Keep critical filing formulas, regulatory timelines, and core principles at your fingertips for rapid review. Get the Cheat Sheet →
Company Secretary Sri Lanka Quick Facts
⏱️ Exam duration: 3 hours per paper (Standard professional format)
???? Total questions: 4 to 6 scenario-based essay questions per paper
???? Passing score: 50% minimum per module to pass
???? Current exam fee: LKR 15,000 per module (Subject to periodic regulatory updates)
Introductory Exam Review
The Company Secretary qualifying examination is the definitive assessment for professionals seeking registration under the Sri Lankan regulatory framework. It validates your expertise in corporate law, board administration, and ethical governance. Because the exam relies heavily on applied legal scenarios rather than simple recall, utilizing structured preparation tools ensures you can articulate your answers in the precise professional language expected by examiners.
Practice Test Modules
Corporate Law Fundamentals
Review the core principles of the Companies Act No. 7 of 2007. This module tests your understanding of incorporation, legal personality, and the statutory obligations of a registered business entity in Sri Lanka.Start the Free Practice Test →
Meetings and Resolutions
Master the protocols for annual general meetings, extraordinary meetings, and board gatherings. You will practice drafting valid resolutions, managing proxies, and calculating proper notice periods according to corporate guidelines.Start the Free Practice Test →
Share Capital and Dividends
Explore the mechanisms of issuing shares, altering capital, and distributing dividends. This section focuses on the solvency test, shareholder rights, and the legal constraints surrounding financial distributions.Start the Free Practice Test →
Directors and Corporate Governance
Examine the fiduciary duties, appointment, and removal of company directors. You will evaluate scenarios involving conflicts of interest, ethical dilemmas, and adherence to the Code of Best Practice on Corporate Governance.Start the Free Practice Test →
Financial Accounting and Reporting
Demonstrate your ability to interpret corporate financial statements. This module covers statutory audit requirements, annual return filings, and the secretary's role in ensuring financial transparency.Start the Free Practice Test →
Taxation Principles
Understand the fundamental tax obligations for corporations operating in Sri Lanka. Practice identifying assessable income, corporate tax liabilities, and mandatory statutory deductions.Start the Free Practice Test →
Securities and Exchange Commission Rules
Navigate the regulatory landscape for publicly listed companies. This section tests your knowledge of listing rules, insider trading prohibitions, and continuous disclosure requirements.Start the Free Practice Test →
Corporate Restructuring
Analyze the legal frameworks for mergers, acquisitions, and amalgamations. You will practice managing the procedural steps required to lawfully combine or restructure corporate entities.Start the Free Practice Test →
Liquidation and Winding Up
Learn the pathways for dissolving a company, including voluntary and court-ordered winding up. This module emphasizes the priority of claims and the statutory duties of liquidators and receivers.Start the Free Practice Test →
Ethics and Professional Conduct
Solidify your grasp of the professional standards expected of a Chartered Corporate Secretary. Practice resolving compliance conflicts while maintaining confidentiality and professional integrity.Start the Free Practice Test →
Company Secretary Sri Lanka Flashcards and Exam Questions
Question: Under the Companies Act No. 7 of 2007, what is the fundamental requirement before a company can authorize a distribution (such as a dividend) to its shareholders?Answer and Explanation: The board of directors must be satisfied that the company will immediately pass the "Solvency Test" after the distribution is made, and they must sign a certificate to that effect. This ensures the company can pay its debts as they become due in the normal course of business.
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Question: What is the minimum notice period required to call an Annual General Meeting (AGM) for a standard limited liability company in Sri Lanka?Answer and Explanation: Generally, a minimum of 15 working days' notice in writing must be given to shareholders, unless the company's Articles of Association specify a longer period or all voting shareholders agree to a shorter notice.
Question: Define the concept of "Major Transaction" as outlined in Sri Lankan corporate law.Answer and Explanation: A major transaction involves the acquisition of, or an agreement to acquire, assets the value of which is greater than half the value of the company's assets before the transaction. Such transactions require a special resolution by shareholders.
Question: Who is disqualified from being appointed as a Company Secretary in Sri Lanka?Answer and Explanation: An individual cannot act as a Company Secretary if they are an undischarged bankrupt, have been convicted of an offense involving fraud or dishonesty, or are not a resident of Sri Lanka, among other statutory disqualifications.
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Comprehensive Company Secretary Sri Lanka Study Guide
Basics | Format | Registration | Results | Study Tips
Exam Overview
The exam is structured as a series of written papers testing practical application rather than mere memorization. Candidates must demonstrate the ability to advise a hypothetical board of directors accurately using current Sri Lankan law.
Exam Administrator
The examinations and registration are typically overseen by the Institute of Chartered Corporate Secretaries of Sri Lanka (ICCSSL) in alignment with the Registrar General of Companies.
Reasons to Take the Exam
Earning this qualification transitions you from administrative roles into executive advisory positions. It grants you the legal authority to act as a registered secretary, a mandatory requirement for incorporated businesses in the country.
Advisory Note on Managing Scenario-Based Questions: Many candidates struggle with the complex "Board Dynamics" scenarios. Do not simply list legal facts. You must apply the law specifically to the characters and companies in the prompt. Practice using the IRAC method (Issue, Rule, Application, Conclusion) to structure your written responses for maximum points.
Score Calculator
Your final result is determined by evaluating your written responses across all required papers.
Total possible marks per paper: 100
Minimum passing threshold: 50 marks
Scored items: All essay and scenario responses are scored based on a specific rubric of legal accuracy and practical application.
Illustrative Result: A candidate scoring 55 out of 100 on the Corporate Law paper passes that module. You must achieve this 50% threshold on every required module to earn the overall qualification.
Career or Education Opportunities
Registered Company Secretary: Act as the primary compliance officer for private or public companies, managing statutory filings, board meetings, and shareholder communications.
Corporate Governance Consultant: Advise multiple corporate clients on best practices, board structuring, and regulatory adherence on a freelance or agency basis.
Legal Compliance Officer: Work internally for large corporations or banks, ensuring all business operations comply with SEC rules, labor laws, and industry regulations.
In-House Counsel and Advisor: Combine legal qualifications with secretarial credentials to serve as the chief legal voice for a corporate entity.
Test-Day Checklist
✅ Valid Sri Lankan National Identity Card (NIC) or Passport
✅ Official exam admission card or registration confirmation printed out
✅ Multiple blue or black ink pens (no pencils for essay writing)
✅ A transparent water bottle (labels removed)
✅ A non-programmable calculator (if permitted for financial papers)
✅ A standard watch to manage your time (smartwatches are prohibited)
✅ Comfortable layers of clothing for fluctuating exam hall temperatures
✅ Arrival at the testing center at least 45 minutes before the scheduled start time
Preparing for Your Next Career Milestone
Professional exams require patience and structured repetition. Focus on one legal module at a time, taking breaks to absorb the complex statutory language. Consistent practice is the most reliable way to build your confidence and refine your writing speed before exam day.
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Pros and Cons
Pros of the Qualification:
✅ Secures a legally mandated and highly respected role in the corporate sector.
✅ Offers excellent job stability, as every incorporated company requires secretarial functions.
✅ Provides a pathway to executive-level board interactions early in your career.
✅ Creates opportunities for independent consulting and flexible working arrangements.
Challenges to Consider:
❌ The exam requires significant memorization of the Companies Act and SEC rules.
❌ The written format demands fast, precise, and legally accurate drafting skills.
❌ The profession carries high personal liability for compliance failures.
❌ Requires continuous professional development to stay updated on changing laws.
FAQs
How do I register for the Company Secretary Sri Lanka exam? Registration is handled through the official professional body (such as ICCSSL). You must submit an application form, proof of educational prerequisites, and the required fees by the published deadline.
Can I use a study guide instead of the full Companies Act? While a study guide is excellent for review, you should read the original text of the Companies Act No. 7 of 2007 at least once to understand the exact phrasing and legal context.
How much time should I allocate for studying? Most successful candidates dedicate 300 to 400 hours of study over a six-month period to adequately cover all syllabus modules.
Are special accommodations available for the exam? Yes. Candidates with documented disabilities can request accommodations, such as extended time, by contacting the examining body well in advance of the test date.
What happens if I fail one paper? You are generally allowed to retake individual papers during the next exam cycle without having to repeat the modules you have already passed.
Is work experience required to take the exam? While the exam itself can often be taken based on educational merit, becoming a fully registered practitioner usually requires a combination of passing the exams and completing a period of supervised practical training.
Can I take the exam online? Currently, these professional qualifications are primarily administered via in-person, written exams at designated testing centers in Sri Lanka.
What ID is required on test day? You must present a valid, unexpired government-issued photo ID, such as a Sri Lankan NIC or Passport, matching the name on your registration.
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Disclaimer: QuizzPrep is not affiliated with or endorsed by the Institute of Chartered Corporate Secretaries of Sri Lanka or the Registrar General of Companies. This information is provided for general educational guidance.
Official Research References: Information regarding exam structure, syllabus content, and the Companies Act No. 7 of 2007 was sourced from public regulatory outlines and the Sri Lanka Department of Government Printing (Accessed August 2026).
This page was independently written and fact-checked by QuizzPrep for this site.
About the Author: The QuizzPrep Team consists of veteran educators, compliance specialists, and assessment designers dedicated to helping professionals succeed. With decades of combined experience in corporate law and standardized testing, our team creates accurate, accessible, and highly effective study materials to guide you toward your career goals.
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