Shares of a corporation authorised in the companyâ€™s prospectus which have been issued and are outstanding. These shares represent capital invested by the firmâ€™s shareholders and owners and may be all or only a portion of the number of shares authorised.
Issued share capital refers to the total number of shares of a corporation which have been subscribed for by and issued to shareholders and which remain outstanding (ie. have not been redeemed or repurchased and held in treasury. These shares represent capital invested by the corporation's shareholders and owners and may be all or only a portion of the total number of shares which the corporation is authorised to issue.