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Define promoters?

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Let's keep it very simple. A company is a separate identity to start this you need somebody to take some initiative. The somebody who takes initiative to start the company is called a promoter. The companies act has not defined a promoter. The best definition which I like Lord Blackburn states that “the...
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Let's keep it very simple. A company is a separate identity to start this you need somebody to take some initiative. The somebody who takes initiative to start the company is called a promoter. The companies act has not defined a promoter. The best definition which I like Lord Blackburn states that “the term promoter is a short and convenient way of designating those who set in motion the machinery by which the Act enables them to create an incorporated company”. A promoter may be an individual, a firm, and an association of persons or even a company. read less
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