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What is an exempt private company?

24/4/2014

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An Exempt Private Company (EPC) is a private company which has at most 20 shareholders. No corporation holds (directly or indirectly) any beneficial interest in the EPC's shares.

EPC with revenue not more than S$5 million for the financial year starting on or after 1 June 2004 is exempted from audit but instead, they are required to prepare unaudited accounts for purposes of AGMs and filing with ACRA.

To know more feel free to contact us at Mrinal@mss-consultancy.com or call +65 94515706.
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