The person who undertakes to form a company is known as?

director

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promoter

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shareholder

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none of the above

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Solution

The correct option is B promoter
There are certain preliminary steps taken for the purpose of registration and floatation of the company. The person who undertakes these phases are called promoters. A Company may have more than one promoter. A promoter is said to be the one who undertakes the formation of company.

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