Accountancy, asked by rushab86, 2 months ago

What are the duties of promoters?

Answers

Answered by Itzkrushika156

7

Explanation:

Duty to Disclose. The promoter is under a duty to disclose fully all the material facts relating to the formation of a company.

Not to Make any Secret Profit. ...

Duty to Give Benefits of Negotiations to the Company. ...

Not to make Unfair Use of his Position.

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