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In relation to company law describe the common law duties of a Promoter.

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- Act bona fide for the benefit of the company information.-
- Proper accounting.
- Disclose any personal interest.
- Determine and settle the name of the company.
- Prepare or cause preparation of the constitutive and other documents.
- Register or cause registration of the company.
-Secure the services of directors.
- Ensure that the company has an independent board of directors.
- Prepare the requisite prospectus if any.
-Acquire assets for use by the company.
- Enter into business contracts on behalf of the company.
- Meet all the preliminary expenses of company formation

marto answered the question on February 5, 2019 at 11:36

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In relation to company law describe the common law duties of a Promoter.

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