Hello all,
Today we will know some more information about Company.
In last blog we have seen that Company is artificial person created by law, who act through it’s Directors so Company gives authority to Promoters and first Directors.
Directors shareholders are owners of company but Company have its own separate legal existence.
For incorporation of Company promoters are persons who will be investing in Company are responsible for well being of Company. How much share capital to be raised, nature of business of company, which type of company to be incorporated all these should be decided by promoters.
Similarly making available the place of business, decide proper name of company and do things binding and required by law for Company is a responsibility of Promoter.
Considering Company as a child whatever is right and good for company like we do for our own children ,is required to be done by promoter .On incorporation there is need of proper planning and filing of different forms is a responsibility of Promoter and first Directors.
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