Mr. Karanpreet intends to start a business in the form of a private limited company . But he has no idea about the formalities to be followed in the formation of a company.
a) Suggest him a specialised person who would undertake all activities for the formation of a company .
b) Explain the first four functions of that specialised person.
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Obtain a is correct ok this is correct answers
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a) Promoter
b) Functions of promoters :
1. Make arrangements for the preparation of prospectus.
2. To defray preliminary expenses.
3. Enter into contract with vendors and underwriters.
4. Make arrangements for the registration of the company etc.
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