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important questions

Wwahab1114y ago
I would like to know two things
no.1 : bpp claims a public company must have 1 member in minimum where as lectures tell us the no. is 2, what is correct
no. 2 : bpp book says that promoters are agents , so whom agents they are or in what regard they are agents
MikeLittleMikeLittleTutor14y ago#1
#1 public companies need a minimum of 2 members. It's actually part of the statutory definition.

#2 promoters are the agents of the people who have engaged them to form a company on their behalf. They cannot be agents of the company, because the company doesn't exist.
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