1️⃣ Types of Share Capital 📊📈:

Under the Companies Act, 2013, there are two types of share capital: equity share capital and preference share capital. Equity shares have voting rights, while preference shares provide a preferential right to dividends and repayment of capital.

2️⃣ Issue of Shares 📑🏦:

Companies can issue shares either through a public offering or private placement. The Companies Act, 2013, details the procedures, rights, and restrictions related to each of these methods.

3️⃣ Share Certificates 📜🔖:

As per Section 46 of the Companies Act, 2013, a share certificate, which is proof of ownership of shares, should be issued within two months from the date of allotment or transfer.

4️⃣ Transfer and Transmission of Shares 🔄🔄:

Shares in a company are transferable, subject to certain conditions (Section 44). Transmission of shares occurs when the ownership transfers by operation of law, e.g., succession, insolvency, or death.

5️⃣ Reduction of Share Capital 💰⬇️:

Under Section 66 of the Companies Act, 2013, a company can reduce its share capital subject to confirmation by the tribunal if it is in the interest of the company and the creditors.

6️⃣ Buyback of Shares 🔄💰:

Section 68 allows a company to buy back its shares from existing shareholders on a proportionate basis, from open market, or from odd-lot holders. It cannot buy back more than 25% of its total paid-up equity capital in that financial year.

This vital 20% will give you a robust understanding of 80% of the topic, navigating through the intricate world of share capital under Indian Company Law. Do share your thoughts and questions!