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Companies Act, 2013 Incorporation
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Companies Act, 2013 Incorporation

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Questions and Answers

Who is considered a 'promoter' according to section 2 (69) of the Companies Act, 2013?

  • A person with no involvement in the company
  • A person who is a professional advisor
  • A person with control over the company's affairs (correct)
  • A person named in the prospectus

    • In what capacity would sub-clause (c) not apply to a person according to the definition of 'promoter'?

  • As a named individual in the prospectus
  • As a shareholder
  • As a director
  • As a professional advisor (correct)

    • Which individuals are explicitly mentioned as 'promoters' in the definition?

  • Board members and professional advisors
  • Individuals named in the prospectus
  • Shareholders and directors (correct)
  • Professional advisors and shareholders

    • What type of individuals does sub-clause (c) of the definition not apply to?

    <p>Professional advisors acting merely in that capacity</p> Signup and view all the answers

    Which individuals are exempt from sub-clause (c) of the definition of 'promoter'?

    <p>Professional advisors acting merely in that capacity</p> Signup and view all the answers

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