Describe the common law duties of a Promoter in relation to company law

 Act bona fide for the benefit of the company information.
 Proper accounting.
 Disclose any personal interest.
 Determine and settle the name of the company.
 Prepare or cause preparation of the constitutive and other documents.
 Register or cause registration of the company.
 Secure the services of directors.
 Ensure that the company has an independent board of directors.
 Prepare the requisite prospectus if any.
 Acquire assets for use by the company.
 Enter into business contracts on behalf of the company.
 Meet all the preliminary expenses of company formation.