NRI stands for Non-Resident Indian, but it can be classified into two categories; A person who does not resides in India but holds an Indian passport A Person of Indian Origin (PIO), a non-resident Indian having a foreign passport.
These personnel’s are: Whole time director Chief Executing Officer/Manager/Managing Director Chief Financial Officer (CFO) Company Secretary (CS) Any other officer prescribed by the government Who are all eligible for appointing a KMP?
A shareholder has the right to vote on the corporate policy which might involve making or selecting the board of directors, initiating corporate actions and when making any substantial changes in the operations of a corporation.
Termination of Promoter Duties The role of promoters comes to an end once the board of directors have been formed and they take over as the governing body of the company.