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Promoters status

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 November 2011 does promoter can sale their all share holding & after salling whats their status means does they can continue as promoter?
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RG - A Helping Hand

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RG - A Helping Hand (Expert)
22 November 2011 A promoter is always remains a promoter. However he may not be liable for the activities of the company if he is not involved in the business of the company as director.

If he continues to remain as shareholder of the company there is no harm at all.

RG
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