Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A person will be deemed to be a promoter if the person: A. Does not actively take part in the formation of the company B.
A person will be deemed to be a promoter if the person: A. Does not actively take part in the formation of the company B. Is not actively involved in the formation of the company, but stands to gain some advantage form its incorporation C. Is inactive in the formation of the company, but lent money for a certain period to the people involved in the incorporation; D. Is an accountant who provides professional advice to the people involved in the formation of the company
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started