Question

Promoter means a person _________.

• A. who undertakes to form a company with reference to a given object and to set it going
• B. who takes the necessary steps to incorporate company
• C. who performs the preliminary duties and develops the idea and induces others to join
• D. All of the above

Answer 1

The correct option is D All of the above

A promoter is defined as :

1. a person who is named as such in the prospectus or identified by the company in the annual return; or

2.a person who has control over the company directly or indirectly whether as a shareholder, director or otherwise; or

3.in accordance with whose advice, instructions or directions the board of directors of the company are accustomed to act.