Underwriting
shivani (student) (210 Points)
14 February 2014
what is consequences when underwritter becomes insolvent before performing his liability????
SUMIT KUMAR JANGID
(CA FINAL STUDENT)
(136 Points)
Replied 14 February 2014
When Underwriter becomes Insolvent then No liability is arises for any paymets as behalf of Underwriter. But any party has been transacted on behalf of Underwriter become liable for payment to Underwriter or the holder.
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