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Payment to Promoters:
A promoter has no legal right against the company he promotes. The main reason is that the company did not ask him to promote it, and because the company could not make a valid contract with him before its incorporation.
In the case of companies which have adopted Table A, Article 80 empowers the directors to pay promoters their promotion expenses. It is however a power given to the directors and confers no legal rights on the promoter.
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Function of the Registered Office: Section 107(1) provides that a company shall, as from the day on which it begins to carry on business or as from th
why is it important for a lawyer to address the victim
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