A client who has 7 years of experience as an ASSISTANT DIRECTOR in FILM INDUSTRY has approached us.He wants to incorporate a PRIVATE LIMITED COMPANY.He told that doesn't have any financial support from his family.
He is ready with story,script,technical team & everything else except for money.
Proposed budget for film is 1crore.He is planning to collect this from 100 people who invest 1lakh each.
Query:We are not sure about the background of the client.So what if the client collects 1crore & runaway? Since the CA signs MOA, AOA,what is the risk of CA?
CAclubindia
