The Singapore Companies Act allows a maximum of 50 shareholders for a Private Limited Company. local or foreign shareholding is allowed for such a company. Exempt Private Company An Exempt Private Company (EPC) is a Private Limited Company and thus has all the same characteristics as described above.
ACRA Singapore is also vested with the power to impose composition fines and issue court summonses to companies that have defaulted on the ongoing compliance requirements as set out under the Companies' Act. ACRA Singapore is commonly known as the Registrar of Companies in countries such as the United Kingdom, India and Bermuda. Simply put, it is a Singapore registry of companies and .