What is the meaning of being a 'PROMOTER' of a private limited company?
Ans: 'promoter' means a subscriber of MoA and AoA for private co.
Is promoter a valid category for directors as per company law? Does law provide any special provisions for promoters?
Ans: Yes promoter can become director of the company. yes law provides referance for promoters but not specific section for only promoter.
Can promoters veto board decisions?
No, no can excercise veto in Board meeting/decisions.
can they be independent or non-executive?
Promoter is considered executive