The document discusses various topics related to share capital including: - The meaning of share and share capital, and how corporations issue shares to raise capital. Shareholders are owners of the company. - The different types of share capital a company can have including authorized, issued, subscribed, called up, paid up, and reserve capital. - Preference shares have priority for dividend payments and repayment of capital over common shares. There are different types of preference shares. - The rules around reducing a company's share capital, including limiting a member's liability to calls or contributions to the difference between the amount paid and reduced amount.