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Meaning of term promoters

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(Querist)
03 October 2015 What is the actual meaning of term Promoters.
Do they only means the subscribers of shares whose name is written in the memorandum of Company or anything else??
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Arpit Shah

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Arpit Shah (Expert)
05 October 2015 https://taxguru.in/company-law/procedure-for-incorporation-of-a-company-under-ca-2013.html
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