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Who among the following cannot be considered a promoter of a company according to the Companies Act, 2013?
  • a)
    A person identified by the company in its annual return as having control over the company's affairs.
  • b)
    An individual whose advice the Board of Directors is accustomed to act upon.
  • c)
    A solicitor acting in a professional capacity for the company.
  • d)
    A person named in the company's prospectus as a promoter.
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Who among the following cannot be considered a promoter of a company a...
- Under the Companies Act, 2013, a "promoter" is someone who has control over the company's affairs, whose advice the Board acts upon, or is named as a promoter in company documents.
- A solicitor acting in a professional capacity merely provides legal services and does not have control over the company or the capacity to influence its decisions.
- Therefore, Option C, "A solicitor acting in a professional capacity for the company," cannot be considered a promoter.
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Who among the following cannot be considered a promoter of a company according to the Companies Act, 2013?a)A person identified by the company in its annual return as having control over the companys affairs.b)An individual whose advice the Board of Directors is accustomed to act upon.c)A solicitor acting in a professional capacity for the company.d)A person named in the companys prospectus as a promoter.Correct answer is option 'C'. Can you explain this answer?
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Who among the following cannot be considered a promoter of a company according to the Companies Act, 2013?a)A person identified by the company in its annual return as having control over the companys affairs.b)An individual whose advice the Board of Directors is accustomed to act upon.c)A solicitor acting in a professional capacity for the company.d)A person named in the companys prospectus as a promoter.Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Who among the following cannot be considered a promoter of a company according to the Companies Act, 2013?a)A person identified by the company in its annual return as having control over the companys affairs.b)An individual whose advice the Board of Directors is accustomed to act upon.c)A solicitor acting in a professional capacity for the company.d)A person named in the companys prospectus as a promoter.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Who among the following cannot be considered a promoter of a company according to the Companies Act, 2013?a)A person identified by the company in its annual return as having control over the companys affairs.b)An individual whose advice the Board of Directors is accustomed to act upon.c)A solicitor acting in a professional capacity for the company.d)A person named in the companys prospectus as a promoter.Correct answer is option 'C'. Can you explain this answer?.
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