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“Promoter plays a significant role in the formation of a company”. In the light of the above statement explain any five functions performed by the promoter? |
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Answer» The TERM 'promoter' is a term of business and not of LAW. ... “Promoter is the person who originates the idea for formation of a company and ... Liability for mis-statement in the prospectus:.Promoters are generally the first persons who conceive the idea of business.They carry out the necessary INVESTIGATION to find out WHETHER the formation of a company is possible and profitable. |
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