Transfer of shares

Transmission of shares

 1. Nature Transfer of shares takes place by a voluntary a deliberate act if the transferor. Transmission is the result of the operation of law.
 2. Instrument used In case of transfer, the transferor and transferee have to execute an instrument of transfer The shares are transmitted on the death insolvency of member and instrument of transfer is not required only a proof of his title to the shares is required.
 3. Method Transfer is the normal method of transferring property in the shares Transmission of share takes place only on the death or insolvency or liquidation.
 4. Stamp duty In case of transfer stamp duty is payable on the amount of the market value of shares No stamp duty is payable in case of transmission.
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