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Promoter of company
can director be promoter of company?
Replies (2)
Yes any person can be a promoter
Any Natural or Artificial Person can act as Promoter subject to some Limitations
for example:-
Partnership can own shares in the name of it's Partners as the P.Firm is not a Person in the eyes of Law, but merely a collection of persons for Profit Motive.
HUF can own in the name of Karta
for example:-
Partnership can own shares in the name of it's Partners as the P.Firm is not a Person in the eyes of Law, but merely a collection of persons for Profit Motive.
HUF can own in the name of Karta
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