Vijeth Kumar C (CA Final) (1615 Points)
06 April 2012
Harshal Fifadra
(Chartered Accountant)
(1489 Points)
Replied 07 April 2012
Issue Value = 25,000*10 = 2,50,000
Commission = 2,50,000*10/100 = 25,000
75 % in terms of shares = 25,000 * 75/100 = 18,750 , Cash Payment = 25,000 - 18,750 = 6,250
However the maximum commission payable is 5 % i.e 25,000*5/100 = 1,250
Therefore commission in terms of shares = 1,250 * 75/100 = 937.50 , Cash Payment = 312.50
Total subscripttion by the underwriter = 25,000*40/100 + 3,000 = 10,000 + 3,000 = 13,000 shares
Ok . . .
akshaya dhaundiyal
(trainee )
(25 Points)
Replied 27 June 2012
sir where is underwriting defined under law ?? any act any notification ???
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)