_____and _____ who act in professional capacities in the formation of a company are not deemed to be promotersQuestion 1Answera.Subscribers and Accountantb.Lawyers and Shareholdersc.Accountants & Lawyersd.Manager and Secretarie

A promoter is in a ________ relationshipQuestion 3Answera.Businessb.agencyc.promotiond.fiduiciary

Persons who take the procedural steps to set up a company and who make business preparations for the company are known a Directors Shareholders Promoters Registrars

Who is called the 'Trustee of the company'?a) Shareholderb) Partnerc) Directord) Promoter

A peron less than 18years has capacity to form a company only if ____________subscribes to the memorandumQuestion 5Answera.One qualified personb.Two infantsc.Two qualified personsd.Two undischarged bankrupts

n many jurisdictions, company law requires directors of companies to exercise independent judgement.If a qualified accountant accepts a directorship, this requirement reinforces which fundamental principle? Professional behaviourIntegrityTechnical competence and due careObjectivity