Who is a promoter ? What are the duties and position of
a promoter ? (long answer)
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Promoter is the person who assembles the men, the money and the materials into a going concern.” Legal Position of a Promoter is that he is not an agent or trustee of the company. Promoter has a fiduciary relationship with the company which is based on trust and confidence.
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Answer:
“Promoter is the person who assembles the men, the money and the materials into a going concern.”
Legal Position of a Promoter is that he is not an agent or trustee of the company. Promoter has a fiduciary relationship with the company which is based on trust and confidence
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