Question

1. Kalyankumarco.ltd was formed with a capital of Rs 10,00,000 in Rs 10 shares the whole amount
being issued to the public. The underwriting of these shares was as follows:
A-35000, B-30000, C-20000, D-10000, E-3000, F-2000
All the marked application forms were to go in relief of the underwriters whose stamp they bear.
The application forms marked by the underwriters were
A -10000, B-22500, C-20000, D-7500, E-5000, F-NIL
Applications for 20000 shares were received on forms not marked. Draw up a statement showing
the number of shares each underwriter had to take up.

Answer 1

Answer:

— The underwriting of these shares was as follows: A-35000, B-30000, C- 20000, D-10000, E-3000, F-2000. All the marked