Question

what are the stages in pramotion??

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Answer 1

The major functions of a promoter include the following: Coming up with an idea of forming a company and evaluating its market size. Collecting the required number of persons who agree to act as the first directors of the company. Finding people who can sign the Articles of Association and Memorandum of Association.

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Answer 2

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Stage 1. Discovery of an Idea:

When a person or persons get an idea that there is the possibility of starting a new business to take advantage of the untapped natural resources or a new invention, discovery of some business opportunities begins.

Such an idea may also be to start a business unit to supply the product at a lower price by breaking the monopoly of existing concern in a particular line of business or to expand an existing concern by converting partnership into private limited company or into public limited company or by combining some going concerns.

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