A company incorporated on 1 st January, 2013 issued a prospectus inviting applications for 5,00,000 equity shares of ₹10 each. The whole issue was fully underwritten by four underwriters: Underwriter – A : 2,00,000 share

A company incorporated on 1 st January, 2013 issued a prospectus inviting applications for 5,00,000 equity shares of ₹10 each. The whole issue was fully underwritten by four underwriters: Underwriter – A : 2,00,000 shares Underwriter – B : 1,50,000 shares Underwriter – C : 1,00,000 shares Underwriter – D : 50,000 shares Applications were received for 4,50,000 shares of which marked applications were as follows: Underwriter – A : 2,20,000 Underwriter – B : 90,000 Underwriter – C : 1,10,000 Underwriter – D : 10,000 Find out the liability of each underwriter individually.