Registration fees and stamp duties at the above rates are also due on any increase in the share capital. The liability of the promoters is limited to their shares in the company's capital. The promoters of a PLC are not allowed to subscribe for shares offered to the public, but after the lapse of 3 days from the closing date, they are allowed to underwrite these shares. The shares of a PLC are originally issued at a nominal value of JD 1 per share. Subsequent to the registration, shares may be issued or offered at a premium to be determined by the Issuing Committee.
All shares are of one class and have equal rights.
A PLC is managed by a board of directors consisting of 3 to 13 members, who are elected by the company's general assembly for a four-year term. However, the company may continue to deduct this annual ratio until this reserve equals the subscribed capital. A PLC should produce audited financial statements and publish them annually in the local newspapers. A PLC should maintain complete records of its shareholders. Registration fees amount to 1 per mille of a PLC's share capital.