Define the term enforcement. Explain the functions, rights and responsibilities of company promoters.
Meaning and definitions of company incorporation
(Meaning and Definition of Promotion of a Company) Promotion is the first step in the formation of a company, in which a company considers to be established. is generated and necessary action is taken to translate it into action. In this way, the work of promotion of the company starts with the generation of new ideas and continues till the company is established legally. Under this, it is also considered that what will be the business area of the company, from where will it get the necessary materials, from what sources will the capital be received for this, what legal actions will have to be taken for its establishment? e.t.c.
According to Gerstenberg, “Enforcement consists in the discovery of business opportunities and then the organization of capital, wealth and management skills with the aim of obtaining profit.” According to Guthman and Doogle, “Enforcement begins with the idea that a business is to be developed and continues until that business is fully functional as a running organization.” not ready.”