important questions

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April 29, 2012 at 5:27 pm #52195
wahab11
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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
April 30, 2012 at 12:07 pm #96258
MikeLittle
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#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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