The are three kinds of promoters discussed as under:

(1)    Professional Promoters. These persons take up promotion as a part of their occupation. They float new companies and dispose them off when the companies are well established and come to a position of making profits.

(2)    Occasional Promoters. They are already engaged in some other business. But whenever they find some good opportunities, they set up new companies to encase the opportunities . They may even decide to retain the companies with the companies with them by managing its affairs.

(3)    Institutional promoters. The institutions set up by the government such as Industrial Finance Corporation of India and industrial Credit and Investment Corporation of India also promote new companies. They are known as institutional promoters.

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