Law library · Sierra Leone · The Companies Act, 2009
Section 49, The Companies Act, 2009
In forceThe Companies Act, 2009, Sierra Leone
Any person who undertakes to take part in forming acompany with reference to a given project and to set it going and
who takes the necessary steps to accomplish that purpose, or who,
with regard to a newly formed company, undertakes a part in raising
capital for it, shall prima facie be deemed a promoter of the company;
but a person acting in a professional capacity for persons engaged in
procuring the formation of the company shall not be deemed to be a
promoter.
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