Promoters of unlisted companies

CS Ekta (Company Secretary) (309 Points)

18 February 2010  


A Company, say XYZ Pvt. Ltd was acquired by Mr. A, Mr. B & ABC Pvt. Ltd (Co. owned by Mr. A & Mr. B).

So the current promoters of the Company will be Mr. A, Mr..B & ABC Pvt Ltd? Correct?


If now suppose, Mr. A sold his entire shareholding:

to a outsider, or

to a relative/group company


Will there be any change among promoters in either of the cases?