I need d solution fr dis problem.... plzz
santhosh ltd. was formed with a capital of Rs.20,00,000 divided into 2,00,000 equity shares of Rs.10 each. All shares were issued to public for subscripttion. The issue was underwritten as follows:
Alok: 80,000 shares
Benny:60,000 shares
Chopra:60,000 shares
Marked applications were receiver in favour of Alok for 32,000 shares. benny for 58,000 shares and Chopra for 42,000 shares. Applications for 30,000 shares were not marked.
Prepare statement showing net liability of each underwriter.
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