Promoters of Company
This query is : Resolved
12 September 2009
hi,
I have 2 queries
1) What does promoter of a company means? The director recruited at the time of formation will be termed as promoter?
2)con a company be a sister concern of two different companies??
Waiting for the prompt reply
Thanks in Advance...
Rama
I have 2 queries
1) What does promoter of a company means? The director recruited at the time of formation will be termed as promoter?
2)con a company be a sister concern of two different companies??
Waiting for the prompt reply
Thanks in Advance...
Rama
12 September 2009
Promoter is the person who is the prime person for bringing in the company into existence. May be his idea or capital etc.,
A promoter can be director, But a director recurited at the time of formation need not a promoter.
Yes. It can be sister concern of two different companies.
A promoter can be director, But a director recurited at the time of formation need not a promoter.
Yes. It can be sister concern of two different companies.
13 September 2009
Agree with expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- Experts need help
- Foreign lottery ticket bought online from India: legality, tax and consequences
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Putting a heading on received mail
- Rental income gst and it purpose
- EPF FULL & FINAL RULES IN 2026
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
