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At the conclusion of this lecture, you will grasp the role and responsibilities of company promoters, including the duties and available remedies. You'll learn about the meaning and rules governing pre-incorporation contracts, the procedures for registering both public and private companies, and the statutory records and returns companies must maintain. There is no general statutory definition of a promoter in company law; in Whaley Bridge Calico Printing Company vs. Green, the term is described as a business concept summarizing operations that bring a company into existence. Merely acting in a professional capacity, such as solicitors and accountants in company establishment, does not automatically classify someone as a promoter.