Abstract
In this research paper, an emphasis will be laid upon the role of promoters in the incorporation of a company. The research paper will also deal with the scope of promoters, that is to say, who can be a promoter. The duties that a promoter owes to the company shall be discussed in the paper and also the right and liabilities of a promoter towards the company shall be discussed. An analysis of the relevant judgments shall be made for the purpose of clear understanding of the research topic. Position worldwide of the promoters will also be analysed by comparing the Company Law in India with the Company Law in other countries.
Keywords
Promoters
Company law
Incorporation
Fiduciary duty
Companies Act 2013
Pre-incorporation contracts
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