Underwriters

Corporate & Other Laws

If the amount paid to underwriters more than % permits in AOA but upto 5% out of capital is valid and out of proceeds of share capital is not valid How ?? Sir

Lakki Kamu

CA Final

★ 4K+

04-Oct-21 18:08

565

Answers (2)

Cant pay anything in excess of what is mentioned in AoA

CA Suraj Lakhotia

Admin

04-Oct-21 19:46

Lower of thr aoa Or act

Seetha Ram

CA Final

★ 18K+

04-Oct-21 22:05