Company Promoters
The person or a group of persons who takes necessary steps to give birth to a company form of business organization are known as company promoters. Company promoters conceive an idea of starting a joint stock company and work-up on it to develop the idea and finally form the joint stock company. In other words, company promoters are those who discover the opportunities to make money, investigate such proposition, assemble and finance them and thereby give a shape of a joint stock company. Company promoters give not only the birth to a joint stock company but also nourish it till it stands on its own feet.
Functions Of Company Promoters
* Conceive an idea of forming a company.
* Analyze profitability and feasibility of the idea.
* Investigate the workability of the idea by consulting experts.
* Decide the name and location of the company and also the amount and form of its share capital.
* Prepare the Memorandum of Association, Prospectus and other necessary documents and file them for incorporation.
The person or a group of persons who takes necessary steps to give birth to a company form of business organization are known as company promoters. Company promoters conceive an idea of starting a joint stock company and work-up on it to develop the idea and finally form the joint stock company. In other words, company promoters are those who discover the opportunities to make money, investigate such proposition, assemble and finance them and thereby give a shape of a joint stock company. Company promoters give not only the birth to a joint stock company but also nourish it till it stands on its own feet.
Functions Of Company Promoters
* Conceive an idea of forming a company.
* Analyze profitability and feasibility of the idea.
* Investigate the workability of the idea by consulting experts.
* Decide the name and location of the company and also the amount and form of its share capital.
* Prepare the Memorandum of Association, Prospectus and other necessary documents and file them for incorporation.
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