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The underwriter has to take up ________________.
- Athe fixed portions of the issue capital
- Bthe unsubscribed part of the agreed portion
- Cthe agreed portion or can refuse if
- Dthe unfixed portions of the issue capital
Correct answer: B
Discussion 1
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CCommunity
the unsubscribed part of the agreed portion
The underwriter has to take up the unsubscribed part of the agreed portion. The underwriter undertakes the guarantee for only part of the issue offered to the public and his liability is limited to the extent of unsubscribed portion of the issue underwritten by him.
The underwriter has to take up the unsubscribed part of the agreed portion. The underwriter undertakes the guarantee for only part of the issue offered to the public and his liability is limited to the extent of unsubscribed portion of the issue underwritten by him.