Guide6 min read6 views
Updated 10 November 2026 · Written by the Wahanaya.lk team
You need the MTA 6 and MTA 8 transfer forms signed and stamped with the company's embossed seal (or a letterhead letter if there's no seal), signatures from two directors, the CR book, and a no-objection letter to the DMT.
Selling a vehicle that is registered in a company's name works differently from selling your own car. The buyer's side of the paperwork is the same, but on the seller's side, the Department of Motor Traffic (DMT) wants proof that the company itself has agreed to sell, not just an individual signing on its behalf. That means the transfer form must carry the company's embossed seal (or a letterhead statement if the company doesn't use a seal) and the signatures of two directors, plus a formal no-objection letter to the DMT.
A company selling its own vehicle needs the same base documents as any seller, plus extra proof that the sale was properly authorised. At minimum, according to the DMT's own transfer guidance, you need:
On top of this, forum discussions among sellers who have been through the process (see sources) describe companies also being asked for a copy of the company's business registration, the relevant company registration forms (such as Form 20 showing current directors), and NIC copies of the two directors who sign. Call or visit your nearest DMT office before your appointment to confirm exactly which supporting papers they want that day, since practice can vary slightly between offices.
The DMT itself does not list a board resolution as a required form, but most accountants and company secretaries recommend passing one anyway. A short board resolution, recording that the directors approved the sale, the buyer's name, and the agreed price, protects the directors personally and gives you a paper trail if the Registrar of Companies, your auditor, or the Inland Revenue Department ever asks about the transaction later. Keep a signed copy with your company's statutory records, separate from the bundle you hand to the DMT.
Based on standard DMT and company secretarial practice described by sellers who've done this, the MTA 6 form and the no-objection letter are usually signed and sealed by two directors. The exact signing authority depends on your own company's articles of association, so check who is authorised to sign on behalf of the company before you fill in the forms. If your company has no embossed seal, you must say so clearly in a letter on the company's letterhead, as the DMT's transfer guidance notes.
You cannot transfer a company vehicle that's still financed until the leasing or finance company confirms, in writing, that the facility is fully settled. This document is usually called an absolute ownership deletion letter (or a similar settlement/release letter), and the finance company issues it once the company has paid off the lease in full. Start this conversation with your finance company early, since getting the letter can take time, especially if you want to use the sale proceeds to close the facility. If you're exploring finance options for your next vehicle instead, you can estimate instalments with the /leasing calculator.
Sri Lanka has a separate law (the Motor Cars (Tax on Transfers) Law) that restricts the first transfer of certain motor cars within 7 years of their first registration without the Registrar's prior written approval, and historically attached an extra transfer tax to that first sale. Whether this applies to your specific vehicle, and what the current charge is, depends on rules that change from time to time, so ask the DMT transfer counter directly, as of November 2026, before you commit to a sale price. Don't assume it applies to every car — check your own CR book's first registration date and ask.
Treat it like any other used vehicle sale: check comparable listings and a fair market estimate on /price-check, then list it with clear photos and an honest description on /post-ad. Mention in the ad that the vehicle is company-registered so buyers aren't surprised by the extra paperwork, and be upfront about service history, since company fleet vehicles are sometimes driven harder or by multiple employees. Browse similar vehicles already listed on /vehicles to see how sellers price comparable models.
Once the company has completed and sealed its side of the MTA 6 and MTA 8, hand the buyer's copies (Copy B of MTA 6 and Copy C of MTA 8) over along with the original CR book. The buyer then submits these at the DMT's vehicle transfer section and receives a CMT 52 receipt confirming the application was lodged. The company should keep its own retained copies (A and A1) along with the no-objection letter and any board resolution, in case questions come up later about who authorised the sale.
Before you hand over keys for a test drive, read through /safety-tips so you and the buyer are both clear on what to verify and how to stay safe during the handover. It's worth doing this even for a company sale, since the buyer will want to confirm the vehicle's condition independently of your company's own service records.
Company vehicle transfers can throw up questions that don't come up with a private car sale, like which director should sign, whether your company's particular lease needs extra clearance, or how a specific DMT office wants its supporting documents presented. If you're stuck on a detail specific to your situation, post the question in the /forum and ask other Wahanaya users or sellers who've been through the same process recently.
When a buyer pays through a lease or bank loan, their finance company sends an approved valuer to inspect your car and registers itself as absolute owner on the CR book before you get paid, so expect extra paperwork and a short delay versus a cash sale.
Wahanaya.lk team8 min read
The safest payment is a bank transfer or bank draft you verify yourself by checking your own banking app or calling your bank — never a screenshot the buyer sends you. Don't hand over the CR book, keys or signed MTA 6 form until the money has actually settled in your account.
Wahanaya.lk team7 min read
Yes — the DMT's ownership-transfer system checks that your vehicle's VET (emission test) certificate and revenue licence are both in date before it lets the transfer go through, so renew an expired VET before you sell, unless your vehicle is exempt.
Wahanaya.lk team7 min read
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