Under writing Commission is given on issue price, if shares are issued for discount. Then on Face Value or Issue Price to be take for calculating commission.
1 Replies
bcshettyco
(Chartered Accountant In Practice)
(65 Points)
Replied 20 March 2012
Under section section 76 underwriting commission is always on the issue price . In case of shares it is 5%.In cae of debt it is 2.5%.
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