1) Who is a Promoter?
2) What is CIN?
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Explanation:
- A promoter is an individual or organization that helps raise money for some type of investment activity. Promoters are often used for penny stocks, where false promises and misrepresentation of the company or its prospects have become commonplace.
- Corporate Identification Number or Corporate Identity Number (Which is CIN Full Form) is a 21 digit alpha-numeric number provided to all Private Limited Companies, One Person Companies, Companies owned by Government of India, State Government Companies, Not-for-Profit, Nidhi Companies, etc. registered in India.
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