  A complete Lagrangian and Hamiltonian description of the theory of
self-gravitating light-like matter shells is given in terms of
gauge-independent geometric quantities. For this purpose the notion of an
extrinsic curvature for a null-like hypersurface is discussed and the
corresponding Gauss-Codazzi equations are proved. These equations imply Bianchi
identities for spacetimes with null-like, singular curvature. Energy-momentum
tensor-density of a light-like matter shell is unambiguously defined in terms
of an invariant matter Lagrangian density. Noether identity and
Belinfante-Rosenfeld theorem for such a tensor-density are proved. Finally, the
Hamiltonian dynamics of the interacting system: ``gravity + matter'' is derived
from the total Lagrangian, the latter being an invariant scalar density.
