A company issued 2000 equity shares which were underwritten by A. The company received applications for 2400 shares. Hence A will get his commission on the issue price of
A) 24000 shares
B) 2000 shares
C) 20000 shares
D) 2400 shares
Correct Answer:
Verified
Q1: When the entire issue is underwritten by
Q2: When commission is due underwriter A/c is
A)Credited
B)Debited
C)Transfer
Q4: P Ltd. issued shares of Rs.100 each
Q5: Unmarked applications are known as
A)Direct application
B)Applications issued
Q6: If the half of the issue of
Q7: S Ltd. issued shares at the face
Q8: In order to spread risk of under
Q9: An additional commission is paid by the
Q10: In which case, liability arises from both
Q11: How many individuals or institutions companies can
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