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2(69)(c)
explain 2(69)(c) of companies act , 2013
Replies (2)
Promoters include - Any such person whose directions/instructions BOD follow ..
Further .. even professionals advise the Board.. The same are excluded. .
2(69) (c)
in accordance with whose advice , directions or instructions the board of directors of the company is accustomed to act
means any such person whose instructions are followed by BOD. but a person acting in professional capacity shall not be a promoter
in accordance with whose advice , directions or instructions the board of directors of the company is accustomed to act
means any such person whose instructions are followed by BOD. but a person acting in professional capacity shall not be a promoter
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