Promoter contribution

Sir we have read in regulations that pc must be 20% of post issue capital , let's assume a situation ,in which a promoter is holding that much proportion of pre issue capital which later on after new issue of share remains greater than 20% of post issue capital , will he still need to contribute in such new issue of capital .

No. Then he will not need to contribute

Answer given by Shubhamm Sir at 10-Jan-2024 06:05 PM