who is a prometer?why he is known as the father of the company
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Promoter. A person who devises a plan for a business venture; one who takes the preliminary steps necessary for the formation of a corporation. Promoters are the people, who, for themselves or on behalf of others, organize a corporation. They issue a prospectus, obtain stock subscriptions, and secure a charter.
In this way, a promoter can be regarded as a founding father of the company. They seek people to become the first directors of the company. In case the proposed company is a public company, the promoter's duty is to get all the articles and the prospectus distributed.
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