A promoter of the company who wish to establish or say promote a company needs to pass through several lengthy and legal processes.

• He needs to first understand the need of the product/service he wishes to sell through the new company. For this he conducts thorough investigation, research, seeks advice from industry experts and prepares its feasibility Then he does a thorough study of managing resources such as raising capital, raw material, availability of land, power, water and electricity etc.
• He enters into contracts for purchasing land, raw material, machinery, hiring employees, etc.
• Once these things are done he prepares MOA and Articles of Association, prepare a list of directors and take their written consent.
• Finally, the promoter completes all the procedures and submits all these documents along with fees to the Registrar of Companies to obtain the certificate.
• Owing to so many procedures, tasks and preparing and furnishing documents ‘ the incorporation of a company become quite lengthy, complex and costly.