Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is an Exempt Private Company (EPC)?

April 26, 2017COMPANY EPC exempt private

0

Posted

What is an Exempt Private Company (EPC)?

4 Answers

0

Posted

An Exempt Private Company (EPC) is defined under Section 4(1) of the Companies Act as a company which has not more than 20 shareholders and its shares are not held directly or indirectly by another company. Exempt Private Company can also be those that the Minister has gazetted to be such.

0

Posted

An Exempt Private Company is a private company with no corporate shareholders and not more than 20 shareholders. An annual revenue threshold will initially be set at $2.5 million for companies with financial year beginning at 15 May 2003, and will be raised to $5 million after one year.

0

Posted

EPC means a private company in the shares of which no beneficial interest is held directly or indirectly by any corporation and which has not more than 20 members or any private company, being a private company that is wholly owned by the Government, which the Minister, in the national interest, declares by notification in the Gazette to be an exempt private company.

0

Posted

An Exempt Private Company (EPC) in Singapore is defined under Section 4(1) of the Companies Act as a company which has not more than 20 shareholders and its shares are not held by another company.