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State whether the following statement is True or False. Promoters are persons who take the necessary steps to set up a company.

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Question

State whether the following statement is True or False.

Promoters are persons who take the necessary steps to set up a company.

True or False
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Solution

This statement is true.

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Formation of a Company
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Chapter 3: Formation of a company - Exercise Q.1 [Page 45]

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Balbharati Secretarial Practice [English] 11 Standard Maharashtra State Board
Chapter 3 Formation of a company
Exercise Q.1 | Q 4.03 | Page 45

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