<P> A corporation's share capital (or capital stock in US English) is the portion of a corporation's equity that has been obtained by the issue of shares in the corporation to a shareholder, usually for cash . </P> <P> In a strict accounting sense, share capital is the nominal value of issued shares (that is, the sum of their par values, as indicated on share certificates). If the allocation price of shares is greater than their par value, e.g. as in a rights issue, the shares are said to be sold at a premium (variously called share premium, additional paid - in capital or paid - in capital in excess of par). Commonly, the share capital is the total of the aforementioned nominal share capital and the premium share capital . Conversely, when shares are issued below par, they are said to be issued at a discount or part - paid . </P> <P> Sometimes shares are allocated in exchange for non-cash consideration, most commonly when company A acquires company B for shares . Here the share capital is increased to the par value of the new shares, and the merger reserve is increased to the balance of the price of company B . </P>

What is share capital and paid up capital
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