Theterm ‘share capital' refers to the amount of capital raised (or to be raised) bya company through the issue of shares.
Features of sharecapital
Themain features of share capitals are
1. 2. 3. Share capitals (except in the case of redeemablepreference share), one raised, cannot be returned by the company to theshareholders as long as it continues to exist, It can be returned only at timeof the winding up of the company.