FAQs  Types of Companies

What is the difference between Exempt/Deemed Exempt Private Company" and "Gazetted Exempt Private Company"?

Exempt/Deemed Exempt Private Company means any Exempt Private Company that has less than 20 members, none of them corporate. The status is not specially conferred, it is simply a status by operation of law (ie, definition in section 4). Gazetted Exempt Private Company, on the other hand, are governement-owned companies which to qualify as Exempt Private Company, must be so declared by the Minister in the Gazette, hence the name. Please refer to section 4 "exempt private company" for the definition which shows a clear demarcation between the two.