Question 13 of 14
Q.Who is called as a Promoter?
Tamil Nadu DgeTamil Nadu HSC (DGE) Commerce Board 2020Subjective· 2mImportance★★★★★
93% · 13/14 Questions
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Start your 14-day free trial to unlock the full solution →A promoter is the person who originates the idea of a company and does all the groundwork to get it incorporated.
The promoter is the very first person associated with a company — the one who takes the initiative to form it, long before it legally exists. As part of the incorporation stage, the promoter:
- Conceives the idea of starting the company and assesses its feasibility.
- Arranges the resources – the capital, people and preliminary agreements needed.
- Prepares and files the documents such as the Memorandum of Association and Articles of Association.
- Completes the legal formalities with the Registrar of Companies to obtain the Certificate of Incorporation. …
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