The process of incorporation of company is carried out by-----
(a) director (b) shareholders (c) members (d) promoters
Answers
Answer:
d) promoters
Explanation:
they are the persons who appoint directors and issue prospectus after getting SEBI approval.
The process of incorporation of company is carried out by-----
(a) director (b) shareholders (c) members (d) promoters
The correct answer is:
(d) promoters
Explanation:
The process of incorporation of a company is carried out by the promoter. A company comes into existence when incorporation is carried out by a incorporation process. Under incorporation, a company is given legal validity and that company becomes a separate entity from the people who invest their capital and labor to run the company.
The first step to make any company is called promotion. Under promotion, a person contributes capital to form a proposed company and persuades other people to invest capital, all such persons are called promoters of the company.
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Accounting records and information of business enterprise is required by which ?
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______ covers accounts of whole business relating to all commercial transactions.
a. financial accounting b. cost accounting
c. environmental accounting d. EVS