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 a 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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