What is the provision related to remuneration of a promoter?

A promoter is not liable to have any remuneration for his work from the company unless there is a valid contract. Remuneration may be paid to a promoter in any of the following ways:-

1. The promoter may purchase the business or other property and sell the same at higher price to the company.
2. Selling his own property to the company at a profit.
3. Commission may be paid to the promoters on sale of the shares.
4. He may be paid a lump sum by the company.
5. Promoter may be give fully or partly paid shares in consideration of the services.