What is the role of promoters in the for | Class 11 Business Studies Chapter Formation of a Company, Formation of a Company NCERT Solutions

Question:

What is the role of promoters in the formation of a company?

Answer:

Promoters are individuals or groups who play a pivotal role in the formation of a company. They conceive the business idea and take essential steps to establish the company, such as conducting feasibility studies, arranging necessary resources, and preparing crucial legal documents like the Memorandum of Association and Articles of Association. Additionally, promoters ensure compliance with all legal requirements to incorporate the company, acting as the driving force behind its creation.

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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 1: What is the role of promoters in the formation of a company?....

What is the role of promoters in the for | Class 11 Business Studies Chapter Formation of a Company, Formation of a Company NCERT Solutions

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