A nominee structure is needed because current Malaysian Company Law does not allow for private limited companies to have more than 50 shareholders. Since ECF is aimed at getting a crowd of people to invest, the number of investors per company is likely to be higher than 50. All ECF platforms will thus have to use a nominee structure to accommodate a large number of investors. pitchIN has created a simple and low cost structure to efficiently handle large number of investors under our own nominee company, Pitch Nominees Sdn Bhd (“Pitch Nominees”).