What are the Conditions for Conferment of Approved IPC / Related Approved IPC Status?
• The objects of the IPC must be charitable in nature and its activities and operations must be carried out on a non-profit-making basis. Activities considered charitable are: • Advancement of education • Relief of poverty and distress • Other charitable purposes which help and benefit the community • The Comptroller of Income Tax (CIT, IRAS office) may reject the name of the proposed IPC if we consider it inappropriate or misleading, and may reject conferment of IPC status if we consider the likely activities and programmes of the proposed IPC as likely to go beyond the charitable causes which justify IPC status. • The IPC may be an organization: registered as a company limited by guarantee; or registered as a society; or established by statute, and therefore subject to regulation as a company or society or statutory establishment. • Or the IPC may be a fund set up for defined charitable purposes, in which case the fund must come under the purview of a company, society or statutory es
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- What are the Conditions for Conferment of Approved IPC / Related Approved IPC Status?
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