0
relationship between a company and a promoter is fiduciary .He is bound to disclose all the accounts and other contracts he entered into before incorporation of the company to an independent and competent board of directors so that he may be held accountable for any ill gained profits and may be held accountable for them before the board.
What else can I help you with?
Duties of a promoter?
A promoter has several functions. One duty of a promoter is to organize and finance an event for a company. Another responsibility is to set up and fund a new business.
Who is a company promoter?
A company promoter is a person/group of individuals who get people to invest money into a corporation, usually when it is being formed. Promoters general owe a duty of utmost good faith, so as to not mislead any potential investors, and disclose all material facts about the company's business.
Describe the relationship that should exist between a supervisor and subordinates?
The relationship between an employee and supervisor is that of a superior and a subordinate. It is a professional relationship between two people employed by the same company, the supervisor holds more clout within the company and is higher up than the employee.
What is relationship between tally and accounting?
Accounting is making a statement of company's profit and loss,and tally is making a perfect balance between assets and liability
What are the relationship between principles of organization and management and accountancy?
The three are supposed to work in tandem if the goals of the company are to be realized. If one fails, the company will not realize its intended goals.
What is the difference between a director and a promoter in a company?
A promoter is a founder of a company. He may or may not be the director of the company. If the promoter is a director of the company as well, then he is subject to receiving of dividends as per his proportion of shareholding in the company.
Who is the promoter of company?
The promoter of a company is the one who tries to get people to go there. This could be to buy products.
When was Albert Grant - company promoter - born?
Albert Grant - company promoter - was born in 1831.
When did Albert Grant - company promoter - die?
Albert Grant - company promoter - died in 1899.
How can you find a promoter for your drama company?
If you suck your toes you will instantly find a promoter.
Who is the promoter of a company?
The promoter of a company is the individual or group of individuals who take the necessary steps to organize and incorporate the company. They are responsible for developing the business idea, raising initial capital, and preparing the necessary legal documents for registration. Once the company is established, the promoter's role typically diminishes as management takes over.
What are promoters of a company?
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. Get Link: Norwayoffice.biz
Duties of a promoter?
A promoter has several functions. One duty of a promoter is to organize and finance an event for a company. Another responsibility is to set up and fund a new business.
What does a record company promoter do?
A record company promoter is best known for promoting a business, writing up and dealing with contracts and booking shows through various venues and gigs.
What type of relationship can exist between customer and a company?
non sexual relationship
Relationship between purchasing department and production department?
Describe the relationship between the purchasing and production of a manufacturing company
What are the disadvantages of being a promoter?
Some of the disadvantages of being a promoter of a company include; He has a burden of recruiting directors which may be hectic because he might recruit those that may not be of good faith and in the long run the company loses out. When a promoter is still processing the incorporation of a company, he won't be covered or paid his preliminary expenses as in law it is not a guarantee for the promoter to be remunerated. He also does not have privileges for example making profits in the due course of forming the company yet he engages his mid and soul to make sure that whatever he does for the company would be the best.
