5 Questions
Who is considered a 'promoter' according to section 2 (69) of the Companies Act, 2013?
A person with control over the company's affairs
In what capacity would sub-clause (c) not apply to a person according to the definition of 'promoter'?
As a professional advisor
Which individuals are explicitly mentioned as 'promoters' in the definition?
Shareholders and directors
What type of individuals does sub-clause (c) of the definition not apply to?
Professional advisors acting merely in that capacity
Which individuals are exempt from sub-clause (c) of the definition of 'promoter'?
Professional advisors acting merely in that capacity
Test your knowledge about the incorporation of companies and matters incidental thereto under the Companies Act, 2013 with this quiz. Explore the legal process of forming a company and the implications of incorporation.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
