Advertisements
Advertisements
Question
Explain the following term/concept.
Promoters
Solution
Meaning :
(1) In precise terms, a group of persons who take lead to form a company and complete all the preliminary works necessary for the establishment of the company is called promoters.
(2) They are the founders of the company. Promoters discover the business opportunity and put it in action. '
(3) They complete all the formalities that are required to start a business. They also arrange for finance through various resources.
APPEARS IN
RELATED QUESTIONS
Answer in one sentence.
Who is promoters?
Explain the following term/concept.
Promotion
Answer in brief.
Write a note on - Role of Promote
Answer in brief.
Draw the flow chart of steps in the promotion of a company.
Justify the following statement.
Certificate of Incorporation is like a Birth Certificate of a company
Answer the following question:
Promoters play an important role in the formation of a company. - Explain.
