Literal Meaning
As per Oxford Advanced Learner’s Dictionary, Promoter means a person or company that organizes or provides money for performance or an event. Promoter is a person (natural or artificial) who tries to persuade others about the value or importance of something.
From legal definition, Promoter is a person or company that finances or organizes or involved in setting up and funding a new company.
We can say that its an individual or company that, for a fee, helps raise money for some type of investment and operational activity of the company.
Nowadays, in general public, there is a confusion about who is the Promoter of the Company. Though the word Promoter has been defined in Companies Act, 2013 and SEBI (Issue of Capital and Disclosure) Regulations, here I tried to present it for better understanding of the word Promoter.
As per Oxford Advanced Learner’s Dictionary, Promoter means a person or company that organizes or provides money for performance or an event. Promoter is a person (natural or artificial) who tries to persuade others about the value or importance of something.
From legal definition, Promoter is a person or company that finances or organizes or involved in setting up and funding a new company.
We can say that its an individual or company that, for a fee, helps raise money for some type of investment and operational activity of the company.
Nowadays, in general public, there is a confusion about who is the Promoter of the Company. Though the word Promoter has been defined in Companies Act, 2013 and SEBI (Issue of Capital and Disclosure) Regulations, here I tried to present it for better understanding of the word Promoter.