Question

explain the rights of promoters​

Answer 1

Answer:

RIGHTS OF A PROMOTER

1. Right of indemnity. When there is more than one person as a promoter of the company then one promoter can claim compensation or damages paid by him against the other. Promoters are jointly liable for any false statement issues in the prospectus and for any hidden profits.

Explanation:

..tq friend

Answer 2

Answer:

Rights of Promoter:

Right of indemnity: Where more than one person act as the promoters of the company, one promoter can claim against another promoter for the compensation and damages paid by him.

Right to receive the legitimate preliminary expenses

Right to receive the remuneration

Explanation:

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