Investors in Start-Ups and Probability of them being classified as Promoters

By Ashish Aggarwal and Nalin Dhingra In any negotiation for investment by any angel investor, PE fund, VC Funds, etc., most of the investors insist that it should be specifically carved out in the Shareholders/Share Subscription agreement etc. that the said investors shall not be classified as promoters. The said requirement evolves out of the [...]