alleryStart learning →A person advising the Board merely in a professional capacity is?
ANot a promoter on that ground
BAn officer in default
CA key managerial personnel
DTreated as a promoter
Answer & Solution
Correct answer: A. Not a promoter on that ground
The proviso to section 2(69) says the 'accustomed to act' limb does not cover a person acting merely professionally.
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