In respect of every underwritten issue, the merchant banker(s) shall undertake a minimum obligation of A. 5%
Question:
In respect of every underwritten issue, the merchant banker(s) shall undertake a minimum obligation of
A. 5% of the total underwriting commitment or ₹ 35 lacs whichever is less
B. 10% of the total underwriting commitment or ₹ 20 lacs whichever is less
C. 5% of the total underwriting commitment or ₹ 25 lacs whichever is less.
D. 10% of the total underwriting commitment or ₹ 25 lacs whichever is less.
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Related Book For 
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
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