Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R
Assertion A: A promoter, invariably is the one who has been associated with formation of the company
Reason R: A promoter is the one who undertakes to form a company with reference to a given object and who takes the necessary steps to accomplish that purpose
In the light of the above statements, choose the most appropriate answer from the options given below:
1
Both A and R are correct and R is the correct explanation of A.
2
Both A and R are correct but R is NOT the correct explanation of A.
3
A is correct but R is not correct.
4
A is not correct but R is correct