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At the conclusion of this lecture, you will understand the role and duties of company promoters, including available remedies for companies. You will learn about pre-incorporation contracts, and the procedures for registering both public and private companies. The lecture will also cover the statutory books, records, and returns required by companies. While there is no general statutory definition of a promoter in company law, the term is considered a business concept rather than a legal one. The case of Whaley Bridge Calico Printing Company vs. Green identifies “promoter” as summarizing various business operations associated with forming a company, clarifying that acting in a professional capacity does not automatically classify someone as a promoter.
