Question

what is the meaning of promoter??

​

Answer 1

hello...

person or thing that promotes. a person who helps to organize, develop, or finance an undertaking.

Answer 2

A promoter is a person who undertakes the task of setting up a company.

Explanation:

1. A promoter can be defined as the person who brings a company into existence by fulfilling all the legal formalities and assisting the entrepreneur.
2. It is important to understand that a promoter is different from an entrepreneur.
3. A promoter is a professional person who works on behalf of the entrepreneur to set up the business.
4. Once the business is set up, the promoter is paid his fees and he is interference in the business stops.
5. A promoter is generally a very highly skilled person and knowledgeable in the legal system of the country.