Who does the preliminaryframework incidental to theformation of the company.
May be an individual , syndicate ,partnership or company.
Promoter has a desire to form thecompany and takes steps toimplement it.
WHO IS NOT A PROMOTER?
Persons assisting promoters by acting in aprofessional capacity do not thereby becomepromoters themselves.e.g.,The solicitor who drafts the articles, theaccountant who values the assets of thebusiness etc. areNOTpromoters of thecompany.