Question

Who of the following can be promoter?
(I) Individual
(II) Syndicate Association
(III) Company
(IV) Partnership Firm
Select the correct answer from the options given below -

• A. I
• B. I, II
• C. I, II, III
• D. I, II, III, IV

Answer 1

The correct option is C I, II, III

A promoter is the one who decides an idea for creating a particular business at a given place and carries out a range of formalities required for starting a business. A promoter is the one who decides an idea for setting up a particular business at a given place and carries out a range of formalities required for the setting up of a business. A promoter may perhaps be an individual, a firm, and an association of persons or a company.