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The work of promoter starts?
a. after the formation of a company
b. at the time of issuing of prospectus
c. at the time of formation of memorandum
d. before the formation of company?
which is the correct answer?
a. after the formation of a company
b. at the time of issuing of prospectus
c. at the time of formation of memorandum
d. before the formation of company?
which is the correct answer?
Most Upvoted Answer
The work of promoter starts? a. after the formation of a company b. at...
Answer:
The correct answer is d. before the formation of company.
Explanation:
Promoters are individuals or groups of individuals who have a business idea and take the necessary steps to form a company. They are responsible for identifying the business opportunity, arranging the required capital, and taking all necessary steps to establish the company. The work of promoters starts before the company is formed, and it includes the following steps:
1. Identifying the business opportunity: Promoters identify the business opportunity by analyzing the market, identifying the needs of customers, and assessing the competition.
2. Conducting feasibility studies: Promoters conduct feasibility studies to assess the viability of the business idea. This includes analyzing the financial, technical, and market feasibility of the idea.
3. Arranging the required capital: Promoters arrange the required capital by raising funds from investors, banks, and financial institutions.
4. Drafting the Memorandum of Association: Promoters draft the Memorandum of Association (MOA), which is a legal document that defines the scope of the company's activities, its objectives, and the rights and liabilities of its members.
5. Drafting the Articles of Association: Promoters also draft the Articles of Association (AOA), which is a legal document that defines the rules and regulations of the company.
6. Obtaining necessary approvals: Promoters obtain necessary approvals from the Registrar of Companies, Securities and Exchange Board of India (SEBI), and other regulatory authorities.
7. Issuing the prospectus: Promoters issue the prospectus, which is a legal document that provides information about the company's business, its financial performance, and the terms and conditions of the shares being offered to the public.
In conclusion, the work of promoters starts before the formation of the company, and it includes identifying the business opportunity, arranging the required capital, drafting the MOA and AOA, obtaining necessary approvals, and issuing the prospectus.
The correct answer is d. before the formation of company.
Explanation:
Promoters are individuals or groups of individuals who have a business idea and take the necessary steps to form a company. They are responsible for identifying the business opportunity, arranging the required capital, and taking all necessary steps to establish the company. The work of promoters starts before the company is formed, and it includes the following steps:
1. Identifying the business opportunity: Promoters identify the business opportunity by analyzing the market, identifying the needs of customers, and assessing the competition.
2. Conducting feasibility studies: Promoters conduct feasibility studies to assess the viability of the business idea. This includes analyzing the financial, technical, and market feasibility of the idea.
3. Arranging the required capital: Promoters arrange the required capital by raising funds from investors, banks, and financial institutions.
4. Drafting the Memorandum of Association: Promoters draft the Memorandum of Association (MOA), which is a legal document that defines the scope of the company's activities, its objectives, and the rights and liabilities of its members.
5. Drafting the Articles of Association: Promoters also draft the Articles of Association (AOA), which is a legal document that defines the rules and regulations of the company.
6. Obtaining necessary approvals: Promoters obtain necessary approvals from the Registrar of Companies, Securities and Exchange Board of India (SEBI), and other regulatory authorities.
7. Issuing the prospectus: Promoters issue the prospectus, which is a legal document that provides information about the company's business, its financial performance, and the terms and conditions of the shares being offered to the public.
In conclusion, the work of promoters starts before the formation of the company, and it includes identifying the business opportunity, arranging the required capital, drafting the MOA and AOA, obtaining necessary approvals, and issuing the prospectus.
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The work of promoter starts? a. after the formation of a company b. at the time of issuing of prospectus c. at the time of formation of memorandum d. before the formation of company? which is the correct answer?
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The work of promoter starts? a. after the formation of a company b. at the time of issuing of prospectus c. at the time of formation of memorandum d. before the formation of company? which is the correct answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The work of promoter starts? a. after the formation of a company b. at the time of issuing of prospectus c. at the time of formation of memorandum d. before the formation of company? which is the correct answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The work of promoter starts? a. after the formation of a company b. at the time of issuing of prospectus c. at the time of formation of memorandum d. before the formation of company? which is the correct answer?.
The work of promoter starts? a. after the formation of a company b. at the time of issuing of prospectus c. at the time of formation of memorandum d. before the formation of company? which is the correct answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The work of promoter starts? a. after the formation of a company b. at the time of issuing of prospectus c. at the time of formation of memorandum d. before the formation of company? which is the correct answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The work of promoter starts? a. after the formation of a company b. at the time of issuing of prospectus c. at the time of formation of memorandum d. before the formation of company? which is the correct answer?.
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