What is the role of a promoter?
What is the role of a promoter?
Promoter is a marketing professional responsible for demonstrating the features of a product to an audience or client. Promoter shows how the product works, takes questions and attempts to persuade consumers or clients to buy the product.
What makes a good promoter?
Promoters are the face of a brand, business, or product, and possessing great communication with persuasion, energy, passion, and vision leads to a great promoter. To be a good promoter, you need to be aware of the different approaches and angles to take, as well as knowing your competitors….
Who can be a promoter?
Categories of Company Promoter A promoter may perhaps be an individual, a firm, and an association of persons or a company. The promoters may perhaps be professional, occasional, financial or managing promoters. A professional promoter gives away the company to the shareholders when the company starts.
What does promoter mean?
noun. a person or thing that promotes, furthers, or encourages. a person who organizes and provides financial backing for a sporting event or entertainment.
What is the legal position of a promoter?
The legal position of promoters is that he is neither agent nor employee of the company but he stands in fiduciary capacity. Fiduciary capacity brings two duties of promoters i.e. duty not to make secret profit and duty to disclose to company.
What are the duties and liabilities of promoter?
The duties of promoters are as follows:
- To disclose the secret profit: The promoter should not make any secret profit.
- To disclose all the material facts:
- The promoter must make good to the company what he has obtained as a trustee:
- Duty to disclose private arrangements:
- Duty of promoter against the future allottees:
What 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.
Who in law is a promoter and what are the duties of a promoter?
A person who is a party to the formation of a company (including promotion, incorporation, and/or floatation), in particular to the preparation of the prospectus (whether in a more or less active role), with the expectation of deriving profit from the company.
Can a director be a promoter?
Anyone can be a promoter of the company, its not necessary that a promoter is a directors. Directors are the managers of company who manage the day to day operations of the company. It is not necessary that the directors are the promoters of the company….
What are the rights of a company secretary?
Major Rights of Company Secretary
- Firstly, he can supervise, control and he can direct subordinate officers and employee.
- Secondly, he can sign and authenticate the proceeding of meetings.
- He has a right to blow the whistle whenever he finds necessary.
Who appoints a company secretary?
Mandatory Requirements Company Secretary shall be appointed by means of a resolution of the Board containing the terms and conditions of the appointment including the remuneration. A Company Secretary shall not hold office in more than one company except in its subsidiary company at the same time….
What are the qualification for appointing a company secretary?
ADVERTISEMENTS: (v) A post-graduate degree or diploma in Management granted by any university or the Indian Institute of Management. (vi) A post-graduate degree is Commerce granted by any university. (vii) A diploma in Company Law granted by any Indian Law Institute.
Does a company secretary have to sign accounts?
The financial statements should also be signed by Managing Director, CEO, CFO, and the Company Secretary wherever such functionaries are mandated, whether or not they are present at the Board meeting at which the accounts are adopted.
Who signs the annual report?
The chairman of the board of directors, the chief executive officer, the president, the chief operating officer or a combination of these four usually sign the letter on behalf of company management….
Can a CEO be a company secretary?
A company secretary can be the CEO of the company too, which keeps his/her position close to the board of directors….
What is the maximum salary of CS?
Pay Scale/Salary of Company Secretary (CS)
| Job Profile | Starting Salary per annum (in INR) | Senior Level Salary per annum (In INR) |
|---|---|---|
| Company Secretary | Rs. 3,00,000 | Rs. 9,00,000 – /td> |
| Legal Advisor | Rs. 3,00,000 | Rs. /td> |
| Principal Secretary | Rs. 3,00,000 | Rs. 9,00,000 – /td> |
What is the salary of CS fresher?
While the average salary of fresher may start at somewhere around Rs 4 lakh per annum, it can go up to Rs 9 lakh with an experience ranging between five and nine years and touch Rs 20 lakh per annum for those with an experience of 20 years and over….
In which job has highest salary in India?
List of Top 10 Highest Paying Jobs in India
- Medical Professionals (Doctors & Surgeons)
- Data Scientist.
- Machine Learning Experts.
- Blockchain Developer.
- Full Stack Software Developer.
- Product Management.
- Management Consultant.
- Investment Banker.