The Chennai motors Ltd. issued 4,00,000 equity shares of Rs.10 each. The whole issue was underwritten by
Question:
The Chennai motors Ltd. issued 4,00,000 equity shares of Rs.10 each. The whole issue was underwritten by Malar. Applications for 3,20,000 shares were received in all. Determine the liability of the Underwriter.
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To determine the liability of the underwriter we need to understand the concept of underwriting Unde...View the full answer
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