why is it necessary for the merchant banker to ensure that the underwriters do not overexpose themselves on underwriting of shares and debentures????
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Querie on underwriting of shares and debentures???
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DIRECTER ARE REQUIRED TO GIVE COMMENT ON NETWORTH OF UNDERWRITER INORDER TO FULLFILL PROSPECTUS GUIDLINES SINCE IF PUBLIC FAIL TO SUBSCRIBE THE IT IS LIABILTY OF UNDERWRIER TO PURCHASE SHARE
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