1. Issue of shares is subject to the terms contained in the prospectus.
2. All shares have their legal face value. The per share value stated on the face of the share certificate is also known as a nominal value, par value.
3. Shares may be issued at its value. For example 1, 000, 000 ordinary shares, RM1.00 each, issued at RM1.00 each.
4. Shares may also be issued at values that exceed the value of the standard, i.e. premium. For example, 1, 000, 000 ordinary shares, RM1.00 each, are issued at RM1.50 each (i.e. with a 50 cent premium per share).
5. On the other hand, the shares may also be issued at a lower value than its par value, which is discounted. For example, 1, 000, 000 ordinary shares, RM1.00 each, are issued at 80 cents each (i.e. with a 20 cent discount per share).
6. For public limited companies, although there are many shareholders, only one Capital Account is opened for each type of shareholder.
7. Three accounts are opened to record the issuance of shares:
(a) Application Account
(b) Share Capital Account
(c) Bank Account