Article in student accountant says and I quote “one or more persons must subscribe their name to a memorandum of association”,and it says “Act allows a single person to form any type of company , either public or private”.
Promoters are people who undertake to form the company and who take necessary steps to form the company. Considering that a person acting purely in professional capacity cannot be a promoter , so , it is a member who forms a company and is a promoter when he instructs a person, acting purely in professional capacity to form a company.
Considering all the above details I am interested in knowing whose agent is promoter now , as promoter is the member in above scenario and assuming he is the single member and at the same point in time director of the company. I mean is promoter his own agent?
Answered already! Please, will you stop posting the same question more than once?
Well if you carefully read the entire question it is not the same. so please answer.
well, if you don’t mind, post again with JUST the different part of the question
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