Science, asked by L0CKD0WN, 10 months ago

who is a promoter?????​

Answers

Answered by IsitaJ07
38

Who is a promotor ?

Answer :

Promoter is also known as the founder of the Company/Firm/Industry or any Organisation. Promoter does all preliminary works in the formation of a company.

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Answered by tejasgupta
13

Answer:

Promoter is a person or a group of people who proceed to form a company. They do all the work required to register and incorporate the company and they are one of the first share-holders of the company.

Functions of Promoter:

1. Identification of business opportunity

2. Feasibility Studies

-a. Technical Feasibility

-b. Financial Feasibility

-c. Economic Feasibility

3. Name Approval

-The name of the company should not be similar to another company and/or undesirabe.

4. Fixing up signatories to MOA

5. Appointment of Professionals

6. Preparation of necessary documents:

-a. Memorandum of Association (MOA)

-b. Articles of Association (AOA)

-c. Consent of Proposed Directors

-d. Any agreement between MD, WTD, Manager etc.

-e. Statutory Declaration

-f. Receipt of payment of fee

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