Discuss the role of promoters in the formation of a company.
Discuss the role of promoters in the formation of a company.
The role of a promoter is as follows:
1. Discovery a business idea: The promoter identifies the areas of profitable avenues of investment after making a preliminary analysis of risk involved, capital required, etc.
2. Detailed investigation: The promoter undertakes a detailed investigation of all aspects of the business with the help of experts/specialists, etc. He prepares a project report on its technical, economic and financial feasibility.
3. Assembling of resources: After being satisfied with the project, the promoters make contacts for the purchase of land, plant, machines, etc.
4. Preparing preliminary documents: The promoter prepares the essential documents required for the registration of the company.
The role of a promoter is as follows:
1. Discovery a business idea: The promoter identifies the areas of profitable avenues of investment after making a preliminary analysis of risk involved, capital required, etc.
2. Detailed investigation: The promoter undertakes a detailed investigation of all aspects of the business with the help of experts/specialists, etc. He prepares a project report on its technical, economic and financial feasibility.
3. Assembling of resources: After being satisfied with the project, the promoters make contacts for the purchase of land, plant, machines, etc.
4. Preparing preliminary documents: The promoter prepares the essential documents required for the registration of the company.
