MRS. FOUZIA NASIR ASST PROFESSOR-DHA COLLEGE FOR WOMEN PHASEVIII

 An artificial person created by law under a common seal  There are different forms of an ownership i.e.  A) sole proprietorship  B)partnership  C) Joint stock owner  From large scale point of view there is a possibility of joint stock company

 Three possibility of subscription  A) equal: offered shares= received share application  B)Over subscription: offered shares < received applications, excess amount will be refunded  C) under subscription: Offered shares >received applications, remaining amount will be taken by underwriter

 Shares can be issued at  Par. (Market value =par value)  Premium,(market value> par value)  Discount, (Market value< par value)