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Most Ltd incorporated on 01.04.2018 issued a prospect inviting application for 100000 shares qt rs 10 each the whole issue was fully underwritten by a b c and d as A 44000 B.20000 C.20000 D.10000 the application were received for 90000 shares of which marked application were as follow A 44000 B 18000 C 22000 D 2000 find the liability of individual underwriters?
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Most Ltd incorporated on 01.04.2018 issued a prospect inviting applica...
Overview of the Situation
Most Ltd issued 100,000 shares at Rs 10 each, fully underwritten by four underwriters: A, B, C, and D. Total applications received were for 90,000 shares, with the marked applications distributed as follows.
Marked Applications
- A: 44,000
- B: 18,000
- C: 22,000
- D: 2,000
Underwriting Details
- A: 44,000 shares
- B: 20,000 shares
- C: 20,000 shares
- D: 10,000 shares
Total Underwriting Amount
- Total shares underwritten = 100,000
- Total applications = 90,000
- Unsubscribed shares = 100,000 - 90,000 = 10,000 shares
Liability Calculation for Each Underwriter
The liability of each underwriter can be determined by the proportion of shares they were responsible for, relative to the total shares applied.
1. A's Liability:
- Application: 44,000
- Underwritten: 44,000
- Liability: 0 (full subscription met)
2. B's Liability:
- Application: 18,000
- Underwritten: 20,000
- Liability: 2,000 (remaining from underwritten shares)
3. C's Liability:
- Application: 22,000
- Underwritten: 20,000
- Liability: 2,000 (remaining from underwritten shares)
4. D's Liability:
- Application: 2,000
- Underwritten: 10,000
- Liability: 0 (full subscription met)
Summary of Liabilities
- A: 0 shares
- B: 2,000 shares
- C: 2,000 shares
- D: 0 shares
This breakdown shows how each underwriter's liability correlates with the marked applications and the total underwritten shares.
Most Ltd issued 100,000 shares at Rs 10 each, fully underwritten by four underwriters: A, B, C, and D. Total applications received were for 90,000 shares, with the marked applications distributed as follows.
Marked Applications
- A: 44,000
- B: 18,000
- C: 22,000
- D: 2,000
Underwriting Details
- A: 44,000 shares
- B: 20,000 shares
- C: 20,000 shares
- D: 10,000 shares
Total Underwriting Amount
- Total shares underwritten = 100,000
- Total applications = 90,000
- Unsubscribed shares = 100,000 - 90,000 = 10,000 shares
Liability Calculation for Each Underwriter
The liability of each underwriter can be determined by the proportion of shares they were responsible for, relative to the total shares applied.
1. A's Liability:
- Application: 44,000
- Underwritten: 44,000
- Liability: 0 (full subscription met)
2. B's Liability:
- Application: 18,000
- Underwritten: 20,000
- Liability: 2,000 (remaining from underwritten shares)
3. C's Liability:
- Application: 22,000
- Underwritten: 20,000
- Liability: 2,000 (remaining from underwritten shares)
4. D's Liability:
- Application: 2,000
- Underwritten: 10,000
- Liability: 0 (full subscription met)
Summary of Liabilities
- A: 0 shares
- B: 2,000 shares
- C: 2,000 shares
- D: 0 shares
This breakdown shows how each underwriter's liability correlates with the marked applications and the total underwritten shares.
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Most Ltd incorporated on 01.04.2018 issued a prospect inviting application for 100000 shares qt rs 10 each the whole issue was fully underwritten by a b c and d as A 44000 B.20000 C.20000 D.10000 the application were received for 90000 shares of which marked application were as follow A 44000 B 18000 C 22000 D 2000 find the liability of individual underwriters?
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Most Ltd incorporated on 01.04.2018 issued a prospect inviting application for 100000 shares qt rs 10 each the whole issue was fully underwritten by a b c and d as A 44000 B.20000 C.20000 D.10000 the application were received for 90000 shares of which marked application were as follow A 44000 B 18000 C 22000 D 2000 find the liability of individual underwriters? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Most Ltd incorporated on 01.04.2018 issued a prospect inviting application for 100000 shares qt rs 10 each the whole issue was fully underwritten by a b c and d as A 44000 B.20000 C.20000 D.10000 the application were received for 90000 shares of which marked application were as follow A 44000 B 18000 C 22000 D 2000 find the liability of individual underwriters? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Most Ltd incorporated on 01.04.2018 issued a prospect inviting application for 100000 shares qt rs 10 each the whole issue was fully underwritten by a b c and d as A 44000 B.20000 C.20000 D.10000 the application were received for 90000 shares of which marked application were as follow A 44000 B 18000 C 22000 D 2000 find the liability of individual underwriters?.
Most Ltd incorporated on 01.04.2018 issued a prospect inviting application for 100000 shares qt rs 10 each the whole issue was fully underwritten by a b c and d as A 44000 B.20000 C.20000 D.10000 the application were received for 90000 shares of which marked application were as follow A 44000 B 18000 C 22000 D 2000 find the liability of individual underwriters? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Most Ltd incorporated on 01.04.2018 issued a prospect inviting application for 100000 shares qt rs 10 each the whole issue was fully underwritten by a b c and d as A 44000 B.20000 C.20000 D.10000 the application were received for 90000 shares of which marked application were as follow A 44000 B 18000 C 22000 D 2000 find the liability of individual underwriters? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Most Ltd incorporated on 01.04.2018 issued a prospect inviting application for 100000 shares qt rs 10 each the whole issue was fully underwritten by a b c and d as A 44000 B.20000 C.20000 D.10000 the application were received for 90000 shares of which marked application were as follow A 44000 B 18000 C 22000 D 2000 find the liability of individual underwriters?.
Solutions for Most Ltd incorporated on 01.04.2018 issued a prospect inviting application for 100000 shares qt rs 10 each the whole issue was fully underwritten by a b c and d as A 44000 B.20000 C.20000 D.10000 the application were received for 90000 shares of which marked application were as follow A 44000 B 18000 C 22000 D 2000 find the liability of individual underwriters? in English & in Hindi are available as part of our courses for UPSC.
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Most Ltd incorporated on 01.04.2018 issued a prospect inviting application for 100000 shares qt rs 10 each the whole issue was fully underwritten by a b c and d as A 44000 B.20000 C.20000 D.10000 the application were received for 90000 shares of which marked application were as follow A 44000 B 18000 C 22000 D 2000 find the liability of individual underwriters?, a detailed solution for Most Ltd incorporated on 01.04.2018 issued a prospect inviting application for 100000 shares qt rs 10 each the whole issue was fully underwritten by a b c and d as A 44000 B.20000 C.20000 D.10000 the application were received for 90000 shares of which marked application were as follow A 44000 B 18000 C 22000 D 2000 find the liability of individual underwriters? has been provided alongside types of Most Ltd incorporated on 01.04.2018 issued a prospect inviting application for 100000 shares qt rs 10 each the whole issue was fully underwritten by a b c and d as A 44000 B.20000 C.20000 D.10000 the application were received for 90000 shares of which marked application were as follow A 44000 B 18000 C 22000 D 2000 find the liability of individual underwriters? theory, EduRev gives you an
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