[aaykarbhavan] Query on Form 32 Category

Hi,

Someone may please reply, if possible:

Query 1

Kindly clarify me, why should we select CATEGORY as 'PROMOTER' in respect of an EXISTING private limited company. (Category : Independent is meant for Public Company).

In respect of EXISTING private limited companies, whether shareholding percentage determines the Category as 'Promoter'. That is, a director, who holds above 5%, 10%, 15%……. shareholding.

If any URL available, please share so that I will go through and understand.

Ans : ……………..

Thanks in advance for your replies.

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