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A person who take lead to form the company is called a “Promoter”. As per Companies Act, 2013; Section 2(69) Promoter is defined as,
- A person, who has been named in the prospectus or identified by the company in Annual Return or
- Who has control on company’s affairs directly or indirectly whether as a shareholder, director or otherwise or
- In accordance with whose advice, directions, or instructions, the Board of Directors is accustomed to act.
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