Which company is formed by minimum person or promoters
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Promoters play significant role in the formation of a company.Promoters are the persons who conceive the idea of business.
A corporate promoter is a firm or person who does the preliminary work incidental to the formation of a company, including its promotion, incorporation, and flotation, and solicits people to invest money in the company, usually when it is being formed.
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hope it was helpful
Explanation:
According to the law, a minimum of seven members are required to form a public company.
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