A, B, C and D developed a business plan. To implement the plan, it was decided that A and B will incorporate a company and C, a Chartered Accountant, will provide them his professional services for the same. It was also
CS Executive · Company Law · PYQS · December 2014
A, B, C and D developed a business plan. To implement the plan, it was decided that A and B will incorporate a company and C, a Chartered Accountant, will provide them his professional services for the same. It was also decided that D will provide loan to the company. The loan to be provided by D was essential to start the business of the company. Advise, out of C and D, who shall be regarded as a promoter of the company.
Topics: Incorporation of Company
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