Prepare Liquidator's Final Statement of Account
Krishna Ltd issued 5,00.000 Equity Shares of 10 each at par. 1.40,000 Equity Shares
were issued to the promoters and balance shares were offered to public which was
underwritten by Simi, Kimi and Timi in the proportion of 2/9: 3/9; 4/9. Firm underwriting
was as follows:
Simi 10,000 shares
Kimi e 12,000 shares
Timi - 14,000 shares
Total subscription received was 2,77,600 shares including marked application and excluding
firm underwriting. Marked applications were
Simi - 60,000 shares
Kimi - 70,000 shares
Timi - 90,000 shares
Compute the liability of underwriters assuming that the benefit of firm underwriting is given
to underwrite
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Answer:its not in my portions sorry for the inconvenience caused and I don't have any idea about what happened to you and your family
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