Answer:
Ans. A promoter is a person who conceives the new idea of starting a business, examines the feasibility of idea, assemble various resources, prepare necessary documents and perform other activities needed to commence the business. Functions of a promoter: 1. Identification of business opportunity; 2. Feasibility studies: the following feasibility studies may be undertaken: (a) technical feasibility: (b) financial feasibility (c) economic feasibility 3. Name approval; 4. Fixing up signatories to the Memorandum of Association; 5. Appointment of professionals; 6. Preparation of necessary documents.
You need to login to perform this action.
You will be redirected in
3 sec