Companies Act, 2013

Section 188

Right of person to be registered as promoter

⚡ Quick Answer Reference: Section 188 Companies Act

Provision: Section 188 of Companies Act
Act: Companies Act, 2013
Classification: corporate
Jurisdiction: India

Statutory Content

What does Section 188 of Companies Act say?

Any person who has been named as a director or as an intended director of a company in the articles of association of the company, or who has been named as a promoter of the company in any prospectus or in any advertisement issued by the company, or who has taken a part in the formation of the company, shall be deemed to be a promoter of the company.

Indian StandardSection 188, Companies Act, 2013

Bluebook (21st ed.)Companies Act, 2013, § 188 (India)

Court Pleading StandardSection 188 of the Companies Act, 2013

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 188 Companies Act

What is Section 188 of Companies Act?

Section 188 of the Companies Act, 2013 (Companies Act) defines and regulates "Right of person to be registered as promoter". The section states: Any person who has been named as a director or as an intended director of a company in the articles of association of the company, or who has been named as a promoter of the compan...

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