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    Promoters under Company Act of 2013

    Posted By : damini / Published on : 20-Feb-2020 12:01 PM / View : 489 / Comment : 2

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    What are the promoters in the Company Act of 2013?
    Read more on : company under promoters

    • Section 2(69) says Promoter means -

      (a) who has been named as such in a prospectus or is identified by the company in the annual return referred to in section 92; or

      (b) who has control over the affairs of the company, directly or indirectly whether as a shareholder, director or otherwise; or

      (c) in accordance with whose advice, directions or instructions the Board of Directors of the company is accustomed to act

      08-09-2022 / 06:40:14 AM
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    • Promoters– means as defined u/s 2(69) "promoter" means a person— (a) who has been named as such in a prospectus or is identified by the company in the annual return referred to in section 92; or (b) who has control over the affairs of the company, directly or indirectly whether as a shareholder, director or otherwise; or (c) in accordance with whose advice, directions or instructions the Board of Directors of the company is accustomed to act: Provided that nothing in sub-clause (c) shall apply to a person who is acting merely in a professional capacity;

      22-09-2022 / 07:05:28 AM
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