Question

22. A promoter takes remuneration for his services in which of the following ways?
(A) He may be paid a lump sum by the company
(B) He may take a commission on the shares sold
(C) He may sale his own property at a profit to the company for cash
(D) All of these​

Answer 1

Answer:

The answer of the following question is Option D.

Explanation:

A promoter takes remuneration for his services for all of the following ways:

He promoter has no right to claim any remuneration. The promoter is allowed to take reasonable remuneration for his services.

• He may be paid a lump sum in cash.

• He may be given fully paid up shares in the company or partly in cash and partly in shares or debentures.

• He may be paid a commission on the shares sold.

• If he sells his own business he may be paid on the basis of the profit disclosed by him.