issue of shares (Issue of Shares)
A public company obtains its capital by issuing shares to the public. Share issue means the offering of shares by a company to the public in exchange for cash or other consideration. Therefore, the company issues its shares for two purposes. First, the shares are issued for consideration other than cash and second, to receive cash, whether for consideration other than cash, such issue – (i) at par (Issue at Par) and (ii) premium (At Premium).