Promoter

This query is : Resolved

Guest

Guest (Querist)

11 July 2013 Sir ,

I want to know whether it is compulsory for the promoters to buy/acquire shares of the proposed company.

please make me understand in detail.
please guide me please

CS Pawan Kumar Baid

CS Pawan Kumar Baid (Expert)
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11 July 2013 Yes ... Subscribers to the MOA are called promoters and every subscriber has to purchase at least one share of the company which they are going to buy.

Regards
CS Pawan

Message likes : 1 times

Guest

Guest (Querist)

12 July 2013 thanks sir
I thank you very much

best regards