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Corporate & Other Laws

How can an underwriter conditionally subscribe to securities. What kind of condition can he put? Point (iii)

Aman Mahajan

CA Final

★ 19K+

06-Apr-21 10:36

323

Answers (1)

Conditional underwriting is when it is mentioned shares remaining unsubscribed from public will be taken up by underwriters, generally in a ratio. In absolute underwriting, there is exact mention of shares.

Sahibdeep Singh

CA Inter

★ 14K+

06-Apr-21 11:28

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