Promoters status
This query is : Resolved
Querist : Anonymous
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?
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
If he continues to remain as shareholder of the company there is no harm at all.
RG
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