Question

Unmarked applications in the ratio of balance left
Die gross liability as reduced by marked applications)
Net Liability
ILLUSTRATION 3. A public limited company, with a capital of 10,00.000 divided
nequity shares of 10 each, places its entire issue in the market, and the whole
we has been underwritten as follows:
son & Co.
30,000 Shares Prince & Co. 15,000 Shares
nghi & Co.
35,000 " Talukdar & Co. 2.000
durumdar & Co
10,000
Bannerjee & Co. 8,000
marked forms are to go in relief of the liability of the underwriters whose name
hey bear
ne applications received on the forms marked by the underwriters are:
Paterson & Co.
1,000 Shares
25,000 Shares Prince & Co.
Talukdar & Co. 2.000
Bannerjee & Co. 7,000
Singh & Co.
Numdar & Co.
23,500
6,500 -
Applications for 20.000 equity shares are received on unmarked application forms.
alculate the liability of the individual underwriters. In terms of the underwritina
ment, the relevant proportion is to be ascertained not in of the original liability
but after giving credit for marked forms.
agreement, the relevan
was but after 9
SOLUTION
LABILITY OF UNDERWRITERS FOR SUBSCRIPTION
DE FOR​

Answer 1

Explanation:

Explain the importance of good communication with others.