Question

. Explain the steps taken by promoter in the promotion of a company.
OR
What is Memorandum of Association? Briefly explain its clauses.​

Answer 1

Answer:

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ANSWER

For the promotion of a company a few persons, called promoters, desirous of forming into a company to achieve some purpose, whether with the intention of making profit or not, have to undergo several steps.

Such steps can be grouped into two parts:

Commercial and Legal. Once the commercial steps are over the legal steps begin. At the latter stage assistance of a person, conversant with Company Law becomes necessary.

Answer 2

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Explain the steps taken by promoter in the promotion of a company.

answer is The following steps are taken by the promoters for the promotion of the company. (i) Conceiving a business idea: First, a promoter discovers the idea for the formation of a company. If this idea is good enough to be considered and worth investing in, then its profitability or economic feasibility is analysed.

What is Memorandum of Association? Briefly explain its clauses.

answer is A memorandum of association (MOA) contains a name clause, registered office or business location clause, objective or objects clause, liability clause, capital clause, as well as an association clause. ... The purpose of an MOA is to explain a business's relationship with all its stakeholders