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dominant promoters group

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(Querist)
29 June 2016 who is dominant promoters group and what is definition of it?
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Shishir Nayak

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Shishir Nayak (Expert)
29 June 2016 The dominant promoter group stipulation is applicable in case of partnership firms, private limited companies and unlisted public companies. As per this stipulation, a group of not more than 4 individuals (who directly / indirectly hold more than 51% of capital in the firm / company) need to be identified as the key promoters of the entity.
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