What is the limit of the commission set for Underwriting in India?

Q. What is the limit of the commission set for Underwriting in India?
Answer: 5% on shares and 2.5% on debentures
Notes: The underwriting commission may not exceed 5 percent on shares and 2.5 percent in case of debentures. Underwriters get their commission irrespective of whether they have to buy a single security or not.

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📌 Question Number: 2 in 71-Underwriting in the above course in App.