Ceylinco Stock Brokers

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Getting Started

Residents

Step 1

To start Trading with CSB you need to open a Securities Account with the Central Depository System.

Opening an Individual Account (Residents)

Download required forms
Other documents required :- Copy of National Identity card

Opening a Corporate Account (Residents)

Download required forms
Other documents required:-
- Certificate of Incorporation
- Memorandum & Articles / Articles of association
- Certificate of Resolution
- Relevant form declaring details of directors (Form 48) / NIC or Passport copies,
- Declaration done on a company letter head (specimen attached along with account opening forms)
- Pass a resolution for the persons to give instructions to operate the account.
- Shareholders list of the company ( top ten)
- Certificate of Good Standing (if applicable)
- Certificate of Business
- If you don’t have a certificate of good standing or a certificate of business – get a letter from the company secretary or the attorney at law certifying same.

To obtain the application form you can download or personally collect from our head office or from the nearest Branch.

Level -9, Ceylinco House, No 69,
Janadhipathi Mawatha, Colombo-01, Sri Lanka

Step 2

Fill the above forms and forward completed original documents to Ceylinco Stock Brokers (Pvt) Ltd., Level 9, Ceylinco House, No 69, Janadhipathi Mawatha, Colombo-01, Sri Lanka. Or to nearest Branch (Fax copies are not accepted by the Colombo Stock Exchange)

Step 3

Ceylinco Stock Brokers will open a CDS account for you and send the confirmation to you by post.

Non-Residents

Non residents can follow the above three steps after opening of SIERA Account,

Non-Residents are required to open Share Investment External Rupee Accounts (SIERA) with commercial banks. Individuals, Regional Funds, as well as Companies incorporated outside Sri Lanka are permitted to open SIERA accounts. The repatriation of proceeds arising out of investments, i.e. dividends paid on shares and sale proceeds of shares made through SIERA after 5th June 1990 are not subject to Exchange Control regulations.

Special provisions have also been made in the Central Depository System to accommodate foreign clients operating in time zones different to that of Sri Lanka. The CSE has permitted free transfers between accounts in the System for transactions concluded by such clients. These transfers could only be affected before the expiry of two market days from the date of conclusion of the first transaction (T+2).

Opening an Individual Account (Non Residents)

Download required forms
Other documents required:- Copy of Passport

Opening a Corporate Account (Non Residents)

Download required forms
Other documents required:-
- SIERA ACCOUNT (Share Investment External Rupee Account)
  *Dedicated bank account for investments, maintained with any prime bank operated in Sri Lanka.
- Certificate of Incorporation
- Memorandum & Articles / Articles of association
- Certificate of Resolution
- Declaration done on a company letter head (specimen attached along with account opening forms)
- Pass a resolution for the persons to give instructions to operate the account.
- Passport copies of the Directors in the company
- Company Secretary should give a letter stating their designations, passport nos. and full names of the directors.
- Shareholders list of the company ( top ten)
- Certificate of Good Standing (if applicable)
- Certificate of Business
- If you don’t have a certificate of good standing or a certificate of business – get a letter from the company secretary or the attorney at law certifying same.
- All documents required to open a CDS account should be certified by an Attorney-at- law or the company secretary of the country.

Sri Lankan Non-Residents

You can follow the above steps after opening of RANSI Account,

Non-resident Sri Lankans are required to maintain RANSI Accounts (Rupee Accounts for Non-Resident Sri Lankan Investments), with authorized dealers.

Funds channeled through this account may be invested in shares, government securities, debentures, units in Unit Trusts and in real assets such as land and building. Payments for investment under the scheme have to be made by bank drafts purchased out of funds in a RANSI account.

All income from investments such as interest, dividends, profits and rental income could be credited to the RANSI account. The remittances to this account would be free to be taken back without exchange control restrictions. Funds realized on the sale and liquidation of investment could also be credited to the RANSI account.