Question

Function of promoter ________

• A. To decide the company's name
• B. To settle the details of the company's MOA and AOA
• C. To print the MOA and AOA
• D. All of above

Answer 1

The correct option is D All of above

Promoter is the person who originates the idea for formation of a company and gives the practical shape to that idea with the help of his own resources and with that of others. The The Promoter Performs the following main functions:

• who settles the name of the company thus determine the name will be acceptable by the registered official of the office;
  
• who decides the content or details as to the Articles of the companies; (here, articles refers to Articles of association & Memorandum of association);
  
• who proposes the directors, bankers, auditors and etc.;
  
• who decides the place where registered office or head office has to be situated;
  
• who prepares the Memorandum of Association, Prospectus and other essential documents and file them for the reason of incorporation.