“promoter” means a person –
(a) Who has been named as such in a prospectus or is identified by the company in the annual return referred to in section 92; or
(b) Who has control over the affairs of the company, directly or indirectly whether as a shareholder, director or otherwise; or
(c) In accordance with whose advice, directions or instructions the Board of Directors of the company is accustomed to act:
Provided that nothing in sub – clause (c) shall apply to a person who is acting merely in a professional capacity;