DETERMINE THE LIABILITY OF X AND Y

DEAR SIR,
I have a Question pls help me
A COMPANY ISSUED 2,00,000 SHARES OF RS. 10 EACH.THESES SHARES WERE UNDERWRITTEN AS FOLLOWS :
X -60,000 SHARES ; Y- 1,00,000 SHARES. THE PUBLIC APPLIED FOR 1,40,000 SHARES.
DETERMINE THE LIABILITY OF X AND Y.

HOPE YOUR KIND CO-OPERATION
WITH REGARDS,
MAYURI from India

Sorry Mayuri for delay your answer. Following link will be helpful for solving your problem.

1. What is Underwriting of Shares

2. Underwriting of Shares and Debentures

Vinod Kumar

Educator

Prof. Vinod Kumar is an Indian Educator, Motivational Speaker, Naturopathic Practitioner and Entrepreneur . He is the founder of Svtuition... read more »

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