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Promoter of company

Malobika Ghosh (112 Points)

22 September 2019

can director be promoter of company?

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2 Replies

diksha gupta (19 Points)
Replied 22 September 2019

Yes any person can be a promoter

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CS GURVINDER SINGH (Company Secretary) (355 Points)
Replied 22 September 2019

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