Answer :
Answer:
Explanation:
Certainly! Let's break down the questions one by one:
a. This situation describes the stage in the formation of a particular form of business organization known as a "company" or "corporation."
b. Creators Pvt. Ltd. is operating under the category of a "promoter." Promoters are individuals or entities (like Creators Pvt. Ltd. in this case) who identify a business opportunity, conduct feasibility studies, suggest business ideas, and take initial steps to set up a company.
c. Contracts entered into by promoters on behalf of the company before its formal incorporation are generally considered binding after incorporation. This means that once the company is officially registered and established as a legal entity, it assumes the rights and responsibilities of those pre-incorporation contracts.
In simple terms, Creators Pvt. Ltd. helped the group of 15 people by suggesting they start a cab service company in posh areas of Delhi. They also came up with the company's name and handled initial contracts. When a company officially forms later, the agreements made by Creators Pvt. Ltd. will still be valid and enforceable.