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The formation of a company is a lengthy process. It involves several stages. The first stage in the process of formation is promotion. At this stage, the idea of carrying on a business is conceived by a person or by a group of persons called promoters. For incorporating a company various formalities are required to be carried out. The promoters perform these functions and bring the company into existence. A promoter conceptualizes the idea of a company and the purpose of its formation. The promoter acquires and invests the initial capital for the company. Once all the formalities are completed, the promoter hands over the authority to the directors. A promoter can be a person or a registered company as well.
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Devendra Kumar Patha...
Wiki User
∙ 13y agoa promoter is someone who helps in the documentation and establishment of a company.
The person who does the process of conceiving a business is known as a PROMOTER
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How many promoters are required to start a company?
minimum of two promoters should be there in a company
Do companies ordinance 1984 define promoters?
no .there is no such clause of promoters in companies ordinance 1984 it is a term defined outside ordinance.
What do you mean by sales promoter?
The job of a sales promoter is a varied and challenging one. Sales promoters first need to identify those who would be interested in the product. They should then present the product and demonstrate its features and benefits. They can do so by using lectures, films, charts, presentations, etc. They must know the product or the service through-and-through, so that they will be able to answer every question and address every need. Ultimately, their goal is to make potential customers identify with the product and convince them to purchase it. Good sales promoters are highly sought after as they among the main factors that can push a company towards success. Therefore, it is often recommended that they be located and recruited by designated companies who specialize in hiring sales executives and sales staff and know what the needs for this profession is.
What services does the Brighton based Direct Sales Force Ltd offer?
Brighton based Direct Sales Force offer an outbound call centre and street promoters. They offer data entry, call handling, order processing, outbound sales and data sourcing.
How internal customers can affect external customers?
The internal customers can affect the external customers because they act as the ad-promoters and help by giving more information about the quality and services of your business and products. Thus, the external customers get the feed back and if it is positive they are attracted to your products and services.
How many promoters are required to start a company?
minimum of two promoters should be there in a company
Why is goodwill account debited when company issues shares to promoters?
Promoters are the pioneer investors of a company. It can be said that due to the promoters the company has come this far. So, promoters do deserve some credibility and they get goodwill. Goodwill is debited and the promoters capital is credited. Thus, the promoters don't bring in cash for their increased share. But if, the goodwill has already been created before and the promoters have got their share, promoters need to bring cash for additional share.
Religare Enterprises is led by promoters of which company?
Ranbaxy
Can promoters be called the agents or trustee of the company?
Yes Why Not
What about the company wealth line promoters pvt ltd?
iam investment
Who receives ipo money?
The promoters of the company that is going public through the IPO
Who is owner of tcs?
The TATAs are the promoters and the public including the TATAs are the owners as it is a public limited company.
Promoters are what?
What are the scientific word promoters?
Is contributed capital a financing or investing activity?
It is certainly a financing activity to the business or company. Just like debentures taken or any other source of financing. it is in a way money owed by the business to the promoters or shareholders to finance the company's activities. however, to the shareholders or promoters of a business it is an investing activity
What is the definition of Promoters in India?
In India, a promoterÊis defined as the one who undertakes to form a company. This person is the one who takes the necessary steps to accomplish that purpose of the company's project.Ê
What is promoters contribution?
In an IPO, the promoters must contribute at least twenty percent (20%) of the postissue capital. The term promoter includes: 1. person(s) in overall control of the company; 2. person(s) who are instrumental in the formulation of a plan or program pursuant to which the securities are offered to the public; and 3. persons named in the prospectus as promoters. Any person acting as a director or officer of the issuer company merely in a professional capacity is not included in the definition of promoter.
When was Janky Promoters created?
Janky Promoters was created on 2009-10-16.
