who is a promoter?????
Answers
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.
☺️
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