Podcast
Questions and Answers
Who is considered a 'promoter' according to section 2 (69) of the Companies Act, 2013?
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'?
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?
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?
What type of individuals does sub-clause (c) of the definition not apply to?
Which individuals are exempt from sub-clause (c) of the definition of 'promoter'?
Which individuals are exempt from sub-clause (c) of the definition of 'promoter'?