02-01-2007, 03:01 PM
Underwriters are normally banks or other financial institutions, who at the time of issue of shares of a listed company, undertake to purchase the shares of that company if not purchased by the public. for example the minimum subscription is 1 million and 0.7 million is purchased by public. in this case the underwriter has to take 0.3 million shares. For this purpose they charge some commission which is called underwriting commission.
And the other question is somewhat common sense. If the number of directors set is equal to number who applied, then all will be selected as directors...
And it is quite rational that everybody wants to be a director. So, it is quite rare.
But if this happens the company in the general meeting will have to change the number of directors. Remember that the directors cannot change the number of directors, only members can...
And the other question is somewhat common sense. If the number of directors set is equal to number who applied, then all will be selected as directors...
And it is quite rational that everybody wants to be a director. So, it is quite rare.
But if this happens the company in the general meeting will have to change the number of directors. Remember that the directors cannot change the number of directors, only members can...
