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By the end of this lecture, you will grasp the role and responsibilities of company promoters, including the duties and remedies available to the company. You will learn about pre-incorporation contracts and the guidelines for registering both public and private companies. Additionally, the session will cover the statutory books, records, and returns that companies must maintain. It's important to note that there is no universal definition of a promoter in company law. As illustrated in Whaley Bridge Calico Printing Company vs. Green Bowen, "promoter" is a business term that encompasses various operations essential for establishing a company, rather than a legal classification. Moreover, individuals acting in a professional capacity, like solicitors or accountants, are not automatically considered promoters.
