Statutory Meaning & Definition
A person who has been named as such in a prospectus, or who has control over the affairs of the issuer, or in whose advice/instructions the board of the company acts under SEBI ICDR Regulations. Must comply with lock-in and disclosure requirements.
Frequently Asked Questions (FAQs)
What is Promoter in Indian corporate law?
A person who has been named as such in a prospectus, or who has control over the affairs of the issuer, or in whose advice/instructions the board of the company acts under SEBI ICDR Regulations. Must comply with lock-in and disclosure requirements.
Why is Promoter important for compliance?
Promoter is regulated by the Securities and Exchange Board of India under applicable SEBI regulations. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Who should know about Promoter?
Promoter is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with SEBI regulatory matters in India.
Contextual Analysis & Regulatory Circulars
Recent analysis and regulatory updates related to SEBI:
GST REG-14 Amendment Process Revised 1 November 2026: OTP Verification by Authorised Signatory and Promoter Before ARN Generation
Published: 2 November 2026
SEBI Mandates ISIN-Level Freeze of Promoter Holdings in Buy-Backs — Operationalisation Circular 2026
Published: 22 July 2026
SEBI FATCA/CRS Reporting Revised Under Income-tax Act, 2025: What Intermediaries Must Change Now
Published: 11 November 2026
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