What is the differnce between share transfer and share transmission?
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Difference Between Transfer andTransmission of Shares. ... Thetransmission of shares occurs due to the operation of law i.e. in case if the member passes away or becomes insolvent/lunatic. Transfer of sharesrequires and instrument of transfer, whereas no such instrument is requiredin the transmission of shares.
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Transfer of shares refers to the transfer of title to shares, voluntarily, by one party to another. Transmission of shares means the transfer of title to shares by the operation of law. Insolvency, death, inheritance or lunacy of the member. Liabilities of transferor cease on the completion of transfer.
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