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प्रश्न
Justify the following statement.
Promoters play an important role in the formation of a company.
उत्तर
(1) In the words of Justice Cockburn, a promoter is the one who undertakes to form a company with reference to a given project and sets it going and takes the necessary steps to accomplish that purpose. Promoters are the expert entrepreneurs and may have gained deep knowledge of related business activities. They bring together land, labor, capital, management skill, etc. and complete all the preliminary works to establish the company.
(2) They are the men of imagination and resources. They see the opportunities of business and grab them more easily. They conceive the idea of starting a business, plan for the formation of. Company and actually bring the company into existence. Promoters play an important role in the formation of a company.
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संबंधित प्रश्न
Select the correct answer from the options given below and rewrite the statement:
___________ Refers to contracts entered into by the promoters on behalf of a proposed company.
Explain the following term/concept.
Certificate of Incorporation
Explain the following term/concept.
SPICe.
Answer in brief.
State the importance of a Certificate of Incorporation.
Justify the following statement.
Every Company on incorporation gets a CIN
Answer the following question:
Explain briefly the steps involved in the incorporation of a company
