A PROMOTER OF A COMPANY IS THE BRAINS BEHIND ITS OPERATIONS

AUTHOR – SHIVANGI KUMARI, STUDENT AT GALGOTIAS UNIVERSITY

BEST CITATION – SHIVANGI KUMARI, A PROMOTER OF A COMPANY IS THE BRAINS BEHIND ITS OPERATIONS, ILE LEX SPECULUM (ILE LS), 1 (1) OF 2023, PG. 305-307, APIS – 3920 – 0036 | ISBN – 978-81-964391-3-2.

Introduction

A team of people works together to build an empire rather than simply one person starting a business. Their initiative and perseverance are what drive the business’ growth and monetary success. Promoters are people who persistently and morally strive to bring ideas to life. The promoter of a corporation is not a term acknowledged by the law, although being an essential part of the firm. In this essay, let’s talk more about a company’s promoter and the driving force behind the process.

Key words – Promoters , Rights of promoters , Duties of promoters , section 2(69) of Companies Act 2013