Promoters are not like you and me. They have special rights that are sanctioned by the regulator
“All animals are equal, but some are more equal than others.” — George Orwell, Animal Farm
In a private company, a promoter can do what he wants to. But if he has public shareholders, he has to take their consent for most of his actions. This is the letter of the law. But, the promoters use the...
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam