An agreement between company and entity may be an individual or firm or corporate entity in which su...........

Companies Act-Phase (I & II) Prospectus

An agreement between company and entity may be an individual or firm or corporate entity in which such individual etc. takes the liability to subscribe for the shares or debentures of the company in case of under subscription in lieu of commission is known as:

Indemnity agreement

Joint venture agreement

Foreign collaboration agreement

Underwriting agreement

None of the above

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Explanation:

Underwriting is an agreement between company and underwriter who may be an individual or firm or corporate entity in which such underwriter takes the liability to subscribe for the shares or debentures of the company in case of under subscription in lieu of underwriting commission.