Functions of promoters
It is the promoter who conceives the idea of setting up a business, and makes an assessment of the viability of a particular aspects business be it technical feasibility, financial feasibility, economic feasibility and also incorporation of company.
promoters are individuals who take the initiatiing
in founding and organizing the business or enterprise .
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Promoters are individuals who take the initiative in founding and organizing the business or enterprise. ... Promoters owe fiduciary duties to others within the future corporation. Owing fiduciaryduties means that promoters have legalduties to act solely in another party's interests.
The fiduciary duties of promoters include: not to make any secret profit out of the promotion of the company. Secret profit is made by entering into a transaction on their own behalf and then selling the concerned property to the company at a profit, without disclosing the profit to the company or its members.
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THE MAIN FUNCTIONS OF A PROMOTER ARE:-
➡️A promoter is a region of DNA where transcription of a gene is initiated.
➡️ Promoters are a vital component of expression vectors because they control the binding of RNA polymerase to DNA.
➡️RNA polymerase transcribes DNA to mRNA which is ultimately translated into a functional protein.
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but it is obviously bad politics, as it is creating unrest among urban voters, who are paying through their nose to buy these fuels. but is good economics to keep oil prices via taxes, in days of subdued crude oil prices globally. the answer is yes. most of the economists, believe that it is much wiser to pay tax upfront than let inflation and other means squeeze money from our pockets. consumers of petrol and diesel are facing heavy taxation, but also reaped the benefits when the prices were controlled. but also defeats the argument of decontrol, where consumer gets benefit of low prices and pays hefty when prices are . but there is a weight in taxation, at least at a bigger picture. the biggest argument that backs jaitley and pradhan duo's decision of heavy taxation is, despite the artificially petrol and diesel prices the demand for these products is growing. not exponentially as earlier, but growth is still healthy.
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