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How can a promoter receive remuneration for their role in forming a company?
  • a)
    By secretly receiving payment from the company's competitors.
  • b)
    By selling their personal property to the company at an inflated price.
  • c)
    By charging a fee to potential shareholders for company information.
  • d)
    By receiving a salary from the government for company promotion.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
How can a promoter receive remuneration for their role in forming a co...
Promoters can receive remuneration by selling their personal property to the company at an inflated price. However, they must disclose all relevant facts to an independent and competent Board of Directors. This form of remuneration must also be disclosed in the prospectus if it occurred within two years preceding the prospectus issuance.
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How can a promoter receive remuneration for their role in forming a company?a)By secretly receiving payment from the company's competitors.b)By selling their personal property to the company at an inflated price.c)By charging a fee to potential shareholders for company information.d)By receiving a salary from the government for company promotion.Correct answer is option 'B'. Can you explain this answer?
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How can a promoter receive remuneration for their role in forming a company?a)By secretly receiving payment from the company's competitors.b)By selling their personal property to the company at an inflated price.c)By charging a fee to potential shareholders for company information.d)By receiving a salary from the government for company promotion.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about How can a promoter receive remuneration for their role in forming a company?a)By secretly receiving payment from the company's competitors.b)By selling their personal property to the company at an inflated price.c)By charging a fee to potential shareholders for company information.d)By receiving a salary from the government for company promotion.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How can a promoter receive remuneration for their role in forming a company?a)By secretly receiving payment from the company's competitors.b)By selling their personal property to the company at an inflated price.c)By charging a fee to potential shareholders for company information.d)By receiving a salary from the government for company promotion.Correct answer is option 'B'. Can you explain this answer?.
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