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‘promoter as may be his own agent’

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › ‘promoter as may be his own agent’

  • This topic has 3 replies, 2 voices, and was last updated 13 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • May 3, 2012 at 12:30 pm #52474
    wahab11
    Member
    • Topics: 30
    • Replies: 15
    • ☆

    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?
    Please explain

    May 3, 2012 at 1:25 pm #97075
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    Answered already! Please, will you stop posting the same question more than once?

    May 3, 2012 at 2:02 pm #97076
    wahab11
    Member
    • Topics: 30
    • Replies: 15
    • ☆

    Well if you carefully read the entire question it is not the same. so please answer.

    May 3, 2012 at 7:56 pm #97077
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23309
    • ☆☆☆☆☆

    well, if you don’t mind, post again with JUST the different part of the question

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