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Role of Promoter:
- To conceive (discover) the idea of forming a business.
- To decide aims and objects of business, amount of capital, scale/size of business, etc.
- Drafting the ‘Memorandum of Association’ and ‘Articles of Association’.
- Drafting Prospectus to invite investors.
- To appoint first directors and first subscribers to Memorandum of Association and Articles of Association.
- To enter into ‘Preliminary Contract’ like hiring office premises, preparing and drafting Memorandum of Association and Articles of Association.
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