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Query:underwriting of shares and debentures

SANKET PATEL (Student) (69 Points)

04 October 2011  
friends plz.solve my query. In underwriting of shares and debentures chapter,in some of examples firm underwriting deducted 1st out of gross liability,in some of the examples unmarked application deducted 1st out of gross liab.and in some of the example marked application deducted 1st out of gross liab. so friends i'm confused whether 2 deduct marked appli.or unmarked appli.or firm underwriting 1st 4m gross liab. plz.solve it..thanks in advance.

 1 Replies

CS Bijoy (Expert) (6394 Points)
Replied 10 October 2011

Sory ur question is not clear, but Debentures are redeemed as per the terms of the issue.

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