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    Question

    1.    The person engaged in the formation of company

    are known as________________.
    A Directors Correct Answer Incorrect Answer
    B Promoters Correct Answer Incorrect Answer
    C Employees Correct Answer Incorrect Answer
    D Shareholders Correct Answer Incorrect Answer

    Solution

    (Persons who form the company are known as promoters. It is they who conceive the idea of forming the company. They take all necessary steps for its registration).

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