Question

Explain why Promoters are called the Parents of company? Give four reasons to support your answer.

Try to give long answer!!!​

Answer 1

Explanation:

Yes, 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.