Question

A promoter is called parent of the company do you agree

Answer 1

Explanation:

a promoter is called parent of the company because he takes certain steps for the promotion of a company. (i) Identification of Business :- Opportunity The first step to be taken by a promoter is to identify a business opportunity. ... Usually the people signing memorandum are also the first Directors of the Company.

Answer 2

Answer:

Yes, it is true that the promoter is called the parent of a company. 1) Identification of business opportunity- The first and most important function is to identify an existing business opportunity so that it can be exploited to earn profits.

Explanation:

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