Promoter of company?
Yogesh Pandey (144 Points)
21 December 2018
can a company/organisation be a promoter in another company?
3 Replies
Venkatesh Dangeti
(CA Final)
(881 Points)
Replied 06 January 2019
Only natural person can be a promoter but not legal person, In my view
Shrikant
(Associate)
(350 Points)
Replied 07 January 2019
Yes, Company can become a promoter. Regarding the Organisation, please check if the concerned organisation has legal capacity to become a promoter of company or not.
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