This document discusses the classification of company shares. It explains that company capital is divided into shares, which are movable property. Shares can be preference shares, equity shares, or deferred shares. Preference shares may be cumulative, non-cumulative, participating, convertible, or redeemable. Equity shares carry voting rights but lower priority in dividends than preference shares. Deferred shares have the lowest priority. The document also discusses issuing shares at par, premium or discount, underwriting shares, and defining types of share capital such as authorized, issued, subscribed, called-up, paid-up and reserve capital.