Pre-incorporation Exp.

company can  claim all expenses in the name of promoter as its pre-operative exp.

Yes.. all the preincorporation expenses.... in accounting language v call it as Preliminary Expenses... director can claim...and v can write off that expenses in 3 years or 5 years as per company policy

Agree with the members.

When the company is not yet formed there is no question of the existance of any directors, since only the promoters have the authority and rights to purchase and expend for the req. of the company. so the exp. will naturally be in the name of the promoters.