Analysis on the Position, Duties, Rights and Liabilities of Promoters

Author(s)	Ananya U S, Sriya K
Country	India
Abstract	There must be a process and it goes through various steps in order to start a company. The promotion is the initial step in the procedure. At this point, a person known as a promoter has the notion to run the company. It is necessary to complete a number of processes before a company can be incorporated. These tasks are carried out and the promoters play a vital role in establishing the company. A promoter develops the concept for a firm and determines why it is being formed. This article provides various information on the promoter's function in promotion. The article also seeks to provide a glimpse into the variety of tasks that a promoter must complete in order to establish a business. Promotion inside a corporation is not simple because it involves accountability. The promoters' obligations and liabilities are highlighted throughout the article. Additionally, it also seeks to inform about pre-incorporation agreements and their function in promotion. It finally focuses on the aspect of the promoter’s salary and remuneration and the various methods in which they get paid. This article mainly focuses on the aspect of promotion and promoters.
Keywords	Promoters, section 2(69), rights and liabilities, legal position
Published In	Volume 5, Issue 6, November-December 2023
Published On	2023-12-11
DOI	https://doi.org/10.36948/ijfmr.2023.v05i06.10125

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