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Write short notes on Role of Promoters.

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Promoters perform the following functions: 

• Conceive a business opportunity or the idea of starting a new business. 

• Conduct a preliminary analysis of the idea to determine its profitability and feasibility. 

• Carry out a detailed investigation in order to determine the nature, scope and requirements of the proposition. 

• Appoint brokers, underwriters, solicitors and bankers for the company.

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