Public Joint Stock Company

4157 WordsMay 21, 201117 Pages
Abstract: In the name of God them Merciful the most Compassionate, I wrote this research to everyone want to successes and get a good knowledge in the Stocks Issued by A Public Joint Stock Company (PJSC), I wrote this paper to every man and women and I put this project between their hand. I discuss in this project the characteristics of the share, types of shares, negotiation of shares in more deep details, loan stock(Debentures) and the last thing is the loss and destruction of shares and debentures. I try to collect as much as I can from the UAE Law. Finally, this project adds a good value to me and I hope it will be a good paper. First of all let me give you the definition of the company: Article 4: “a contract in accordance with…show more content…
It only states that it is the property of its bearer. This type of shares is transferred through delivery. Its holder is the owner before the company. 3) Capital shares and enjoyment shares: Enjoyment shares are the shares whose value was consumed. The capital shares are those whose value was not consumed. Consumption means returning the value of shares to shareholders before the company dissolution. In principle, this return should not happen because the company member has the right to stay in it. However the consumption of shares seems necessary in certain cases. If the company property, for instance, decays with the passage of time such as mines and quarries. These companies consume shares during their life so that shareholders don’t find themselves unable to retrieve their share value upon termination of the company. Often, share consumption is made through assigning a part of profit each year to consume a part of shares by draw. The shareholder whose share was consumed receive the nominal value as well as an enjoyment share granting him a right to company profit and a right to vote in the general assembly. 4) Ordinary shares and preference shares: In principle, shares are of equal value and they grant shareholder equal rights. The company statute may, however, stipulate that the company issue preference shares granting preferential rights relative to profits, voting or liquidation proceeds. Negotiation of
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