Hello Professionals!
What is the meaning of deposits held in the same capacity and same right and deposits held in different capacity and different right?
In reference to : 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 Professional Capacity: Not defined in the Act Please anyone guide how we can define the term Professional Capacity?
Click here to view / answer Share it on
capacity
professional
definition
