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1.The role of which of the following parties is to form a company?
A Subscriber
B Member
C Director
D Promoter (2 marks)
2. Which of the following statements concerning promoters is correct?
A An accountant who acts in a professional capacity in the formation of a company is a promoter
B A promoter may not make a profit as a result of their position
C A promoter that acts as an agent for others must not put themselves into a position where their own interests clash with that of the company they are forming
D A promoter may not own shares in the company that they are forming
