State the circumstances under which transmission of shares is done.
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Transmission of Shares in case of death of shareholder – As per companies act 2013. Transmission of share means transfer of title to shares by operation of law. This type of situation arises when a shareholder died, inheritance, bankruptcy, marriage and succession.
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The transfer of shares is initiated by the parties to transfer, i.e. transferor and transferee. ... On the other hand, the original liability of shares exists. Stamp duty is payable on the market value of shares in case of transferwhile in the transmission of shares no stamp duty is to be paid.
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