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Home Forms Name: underwriting agreement Page 1 of about 6 results (0.002 seconds)Underwriting Agreement For Debentures Companies Act 1222
Category : Companies Act
Underwriting Agreement for Debentures debenture underwriter company prospectus address UNDERWRITING AGREEMENT FOR DEBENTURES This agreement is made on the 20th day of June 2000 between X Co Ltd of Address hereinafter called the company of the one part and B R Co Ltd having its office at Address hereinafter called the underwriter of the other part WHEREAS the company is intending to offer for public subscription 50 000 12 mortgage debentures which are to be constituted and secured by a Trust Deed drawn up on terms and conditions contained therein and for the purpose of identification initialled by both the parties And whereas the company is desirous of obtaining assurance of such debentures being subscribed and or taken up by the investors and the underwriter has given such assurance Now therefore these presents witnesseth and it is hereby agreed as follows 1 The company will offer for public subscription the said 50 000 debentures of Rs 1 000...
Sebi's Model Underwriting Agreement
Category : Agreements Misc Agreements
To The Board of Directors Ltd Dear sir Re Forthcoming public issue of shares debentures of Rs each for cash as part premium aggregating to Rs Public issue 1 We hereby record that we hereinafter referred to as the underwriter have agreed to underwrite procure subscription to shares debentures of Rs each for cash at par premium aggregating to Rs Rupees only hereinafter referred to as the underwriting obligation for the captioned public issue by Ltd hereinafter referred to as the Company on the following terms and conditions 2 Opening of the subscription list The subscription list for the public issue shall open not later than three months from the date of this agreement or such extended period s as the underwriter may agree to in writing The subscription list shall unless the issue is fully subscribed be kept open by the compan...
Underwriting Agreement For Shares
Category : Agreements Company Law
THIS AGREEMENT made on the day of BETWEEN X hereinafter called the underwriters of the one part and Y Co Ltd having its registered office at hereinafter called the company of the other part WHEREAS the company is about to offer for public subscription as issue of shares of each in accordance with the terms of the draft prospectus a copy of which is annexed hereto or with such modifications therein as may be mutually agreed upon between the company and the underwriters AND WHEREAS the underwriters have agreed to underwrite the shares on the terms and conditions hereinafter appearing NOW THEREFORE IT IS HEREBY AGREED AS FOLLOWS 1 If the said Shares shall on or before the day of 200 for such later date as shall be mutually agreed upon by the parties hereto not after the day of 200 be offered by the company for subscription by the public at par on the terms of such prospectus as aforesaid the u...
Underwriting Of Issue Of Shares And Debentures Companies Act 1223
Category : Companies Act
UNDERWRITING OF ISSUE OF SHARES AND DEBENTURES company share debenture subscription issue UNDERWRITING OF ISSUE OF SHARES AND DEBENTURES A company cannot allot any shares offered to the public for subscription unless the minimum amount required as stated in the Prospectus has been D Convey 21 applied for and the amount has been received in money This is called minimum subscription 4 In the event enough shares are not applied for to raise the minimum subscription the application money has to be returned To avoid the contingency of minimum subscription not being received by the issue of shares the company may enter into underwriting agreements with the financial institutions banks and others whereby the bank financial institutions or other persons assure the company that in case the public do not subscribe for adequate number of shares to raise the minimum subscription such banks financial institutions or otlier persons shall take up the requisite or agreed number of sh...
Broker's Consent Letter Companies Act 1214
Category : Companies Act
Broker s Consent Letter share underwriter company application prospectus BROKER S CONSENT LETTER To The Board of Directors X Co Ltd Bangalore Dear Sirs Re Your public issue of 12 Secured Non convertible Redeemable Debentures for the aggregate value of Rs 2 000 Crores We the undersigned hereby agree to act as Brokers to the aforesaid issue and our name being inserted as Brokers to the issue in the Prospectus to be issued by the company We hereby authorise the company to deliver this letter of consent to the Registrar of Companies Bangalore pursuant to the provisions of section 60 of the Companies Act 1956 We are agreeable to accept brokerage at 1 on the nominal value on allotment of the Debentures made in respect of applications bearing our stamps as brokers We authorise you to deliver a copy of this letter to the Registrar of Companies pursuant to the provisions of section 76 l y of the Companies Act 1956 Yours faithfully B Co UNDERWRITER S CONSENT To The Bo...
Underwriting And Brokerage Agreements
Category : Agreements Company Law
1 Underwriting agreements The object of underwriting is to insure against the risk that shares debentures or debenture stock offered by a company for subscription may not be taken up For floatation of share debenture capital a company is generally required to have the public issue fully underwritten to insure that all the shares and debentures are taken up by the investor and thus the required capital is raised The underwritten provides an assurance against the risk of under subscription a Payment of commission to underwriter The underwriters are entitled to commission Section 76 of the Companies Act 1956 provides as follows 76 1 A company may pay a commission to any person in consideration of a his subscribing or agreeing to subscribe whether absolutely or conditionally for any shares in or debentures of the company orb his procuring or agreeing to procure subscription whether absolute or conditional for any shares in or debentures of the company If the following...
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