What is a promoter position?
What is a promoter position?
Promoters are the face of a business, brand or product. Companies seek hard-working promoters to increase sales. For those willing to put in the time and effort to hone their skills, working as a promoter can be an exciting and rewarding career.
What do you mean by the promoter?
A promoter is an individual or organization that helps raise money for some investment activity. Promoters often tout penny stocks, an area where false promises and misrepresentation of the company or its prospects have become commonplace.
What is the role of a promoter in a company?
Meaning: A promoter is someone, who has been connected with the business from the start. He can also be referred to as the starter of a business or the founder. He is responsible for raising capital from various sources and entering into the first agreements for the start of a business and incorporation of a company.
What is the functions of a promoter?
Promoters are generally the first persons who conceive the idea of business. They carry out the necessary investigation to find out whether the formation of a company is possible and profitable.
Who is a promoter in real estate?
A ‘promoter’ has been defined in Section 2(zk) of RERA as follows: ““promoter” means: a person who constructs or causes to be constructed an independent building or a building consisting of apartments…..for the purpose of selling…; or. a person who develops land into a project…. for the purpose of selling…; or.
What is an example of a promoter?
Promoter is any component added to a catalyst to increase activity or selectivity. Examples are tin added to platinum reforming catalysts to improve selectivity to coke formation and chloride added to isomerization catalysts to increase activity.
Who are professional promoters?
Professional Promoters: These are the persons who specialise in promotion of companies. They hand over the companies to shareholders when the business starts.
Who is promoter discuss their legal position?
“Promoter is the person who assembles the men, the money and the materials into a going concern.” Legal Position of a Promoter is that he is not an agent or trustee of the company. Promoter has a fiduciary relationship with the company which is based on trust and confidence.
What are the liabilities of promoters?
Personal liability: The promoter is personally liable for all contracts made by him on behalf of the company until the contracts have been discharged or the company takes over the liability of the promoter. The death of promoter does not relieve him from liabilities.
Who is a promoter in law?
Definition. A promoter acts on behalf of a corporation before it is formed. The promoter usually enters into a contract with the corporation it is promoting outlining the terms of compensation and rights of the promoter, including future shares in the corporation, known as promotional stock.
What is difference between promoter and real estate agent?
The Real Estate agents are the medium between a buyer and a promoter. They have a strong presence in the real estate sector as they have the marketing skills to profitably buy or sell a property. A buyer does not know all the property details, and a promoter does not sell his properties himself.
What are the duties of the promoter?
A promoter is someone, who has been connected with the business from the start. He can also be referred to as the starter of a business or the founder. He is responsible for raising capital from various sources and entering into the first agreements for the start of a business and incorporation of a company.
What is the definition of a promoter in business?
DEFINITION A promoter is a person or group of people who comes together with an idea for setting-up a business at a particular place and incorporates a company to achieve it. By the process called incorporation, a company comes into existence. A promoter can be an individual, an association or people, a company or a firm.
What is the meaning of promoter in boxing?
Definition of promoter. 1 : one that promotes; especially : one who assumes the financial responsibilities of a sporting event (such as a boxing match) including contracting with the principals, renting the site, and collecting gate receipts. 2 obsolete : prosecutor.
What is the fiduciary position of the promoter of a company?
Fiduciary position of the promoter: The promoter stands in a fiduciary relation to the company which he promotes. They are follows:- (1)Not to make any profit at the expense of the company:The promoter cannot make any profit of the company he promotes either directly (or) indirectly without knowledge and the consent of the company.
Is promoter an agent or a trustee of a company?
It is, however, interesting to note that so far as the legal position is concerned, he is neither an agent nor a trustee of the proposed company. But it does not mean that the promoter does not have any legal relationship with the proposed company.