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?

April 26, 2017COMPANY exempt private

0

Posted

What is an exempt private company?

1 Answer

0

Posted

It is a private company: which has not more than 20 shareholders and none of them is a corporation; or that is wholly owned by the Government, which the Minister, in the national interest, declares by the notification in the Gazette to be an exempt private company.