Prescribed companies under section 63(3) of Act
3.  The following classes of companies are excluded from the definition of “company” for the purposes of section 63(3) of the Act:
(a)a company that is a banking corporation;
(b)a company that is an airport licensee licensed under section 36 of the Civil Aviation Authority of Singapore Act 2009;
[S 247/2023 wef 31/12/2021]
(c)a company that is a finance company licensed under section 6 of the Finance Companies Act 1967;
[S 247/2023 wef 31/12/2021]
(d)a company that is a securitisation special purpose vehicle;
(e)a company that is a licensed insurer licensed under section 11 of the Insurance Act 1966;
[S 247/2023 wef 31/12/2021]
(f)a company that —
(i)is a financial institution approved under, or treated as approved, under section 4 of the Financial Services and Markets Act 2022; or
[S 411/2021 wef 01/07/2021]
[S 247/2023 wef 31/12/2021]
[S 247/2023 wef 28/04/2023]
(ii)holds a merchant bank licence, or is treated as having been granted a merchant bank licence, under the Banking Act 1970;
[S 247/2023 wef 31/12/2021]
(g)a company that is a specified telecommunication licensee declared under section 45 of the Telecommunications Act 1999;
[S 247/2023 wef 31/12/2021]
(h)a company that is a covered bond special purpose vehicle.