Manu Ltd., issued 2,00,000 equity shares of which only 60% was underwritten by Gomathi. Applications for 1,80,000
Question:
Manu Ltd., issued 2,00,000 equity shares of which only 60% was underwritten by Gomathi. Applications for 1,80,000 shares were received in all out of which application for 1,04,000 were marked. Determine the liability of Gomathi.
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To determine the liability of Gomathi we need to understand the concept of underwriting in the conte...View the full answer
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