Advance accounting query

While issuing the shares, entities  get approval from different underwriters for the purpose of Underwriting of Proposed Issuing shares in case of unsubscripttion or less subscripttion.  

For this purpose, they charge commission on such shares.

Applications are applied in

Marked

Unmarked 

or Firm Liability

Unmarked application is evidenced by the question.

You may have the query of FIRM LIABILITY

ie, whether the firm liability is under the Marked or Unmarked application.

Please make sure for that.

Unmarked application is simple concept.