A person who undertakes to take up the whole or a portion of the offered shares or debentures as may not be subscribed for by the public is called ............

CS Executive · Corporate and Management Accounting · PYQS · June 2024
A person who undertakes to take up the whole or a portion of the offered shares or debentures as may not be subscribed for by the public is called ............
(A) Writer
(B) Share writer
(C) Broker
(D) Underwriter

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Corporate Accounting

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