Pakistan study notes for Matric, Intermediate, B.A, B.COM BSC, M.A, BCS. Free Pakistani Urdu educational school, colleges and University notes.

SMALL INVESTMENT COMPANIES / BANKS

SMALL INVESTMENT COMPANIES / BANKS

These companies or banks do not take to the business of underwriting. However, they may enter into agreement with the bond or share issuing companies only on commission basis/ The unsold portion of the issue is the responsibility of the principal (issuing) company.

Small investment companies, in fact, are specialized in marketing the issue of shares and bonds. The large companies do not sell their share or bonds through these investment banks.

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