Concept of “Promoter”

In his column in the Business Standard, Somasekhar Sundaresan makes an interesting argument for abolishing the concept of “promoter” under various SEBI regulations and for encouraging board-driven governance in Indian companies.

About the author

Umakanth Varottil

Umakanth Varottil is an Associate Professor at the Faculty of Law, National University of Singapore. He specializes in corporate law and governance, mergers and acquisitions and cross-border investments. Prior to his foray into academia, Umakanth was a partner at a pre-eminent law firm in India.

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