What are share capital of joint stock company?

Share capital of a joint stock company refers to the total amount of money raised by the company through the issuance of shares to shareholders. It is divided into different classes of shares, such as ordinary and preference shares, each offering different rights and privileges. Share capital represents the ownership stake of shareholders in the company and serves as a critical component of the company's equity, providing a financial foundation for its operations and growth. Additionally, it can influence the company's ability to raise further capital in the future.