Role of Corporate Finance Law in Corporations.
This paper has focused on the role of corporate finance law in corporations. Corporations, in Pakistan has been governed by the Companies Act, 2017, aims to maximize the profit by minimizing the risk, possesses a separate legal personality having rights and duties towards the outside world. As the word corpus means body; Companies enjoys separate legal personality from its shareholder, members and directors. British East India Company was the first business corporation that have earned profit for its members. A company is formed by due process of law and not otherwise. Company if is created by limited number of shareholders i.e two to fifty it is a private company and in other case it is a public company. A public company formulated by due process of law possesses separate corporate personality, the liability of its members is limited and also has many other distinct characteristics.