Creating a Custom Event

Declare the class containing the event:

class MyClass {
    public event EventHandler MyEvent;

    public void Method() {
        OnEvent();
    }

    private void OnEvent() {
        if (MyEvent != null) {
            MyEvent(this, EventArgs.Empty);
        }
    }
}

Use it like this:

MyClass myObject = new MyClass();
myObject.MyEvent += new EventHandler(myObject_MyEvent);
myObject.Method();

Yes you can create events on objects, here is an example;

public class Foo
{
    public delegate void MyEvent(object sender, object param);
    event MyEvent OnMyEvent;

    public Foo()
    {
        this.OnMyEvent += new MyEvent(Foo_OnMyEvent);
    }

    void Foo_OnMyEvent(object sender, object param)
    {
        if (this.OnMyEvent != null)
        {
            //do something
        }
    }



    void RaiseEvent()
    {
        object param = new object();
        this.OnMyEvent(this,param);
    }
}

Yes you can do like this :

Creating advanced C# custom events

or

The Simplest C# Events Example Imaginable

public class Metronome
{
    public event TickHandler Tick;
    public EventArgs e = null;
    public delegate void TickHandler(Metronome m, EventArgs e);
    public void Start()
    {
        while (true)
        {
            System.Threading.Thread.Sleep(3000);
            if (Tick != null)
            {
                Tick(this, e);
            }
        }
    }
}
public class Listener
{
    public void Subscribe(Metronome m)
    {
        m.Tick += new Metronome.TickHandler(HeardIt);
    }

    private void HeardIt(Metronome m, EventArgs e)
    {
        System.Console.WriteLine("HEARD IT");
    }
}
class Test
{
    static void Main()
    {
        Metronome m = new Metronome();
        Listener l = new Listener();
        l.Subscribe(m);
        m.Start();
    }
}