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Transmission of Shares
Sometimes Share Transmission becomes very clumsy, It can take a toll on you especially if you are not seeking proper professional advice. We at Asset Reclaimers are offering assistance to our respected clients on various issues regarding Share Transmission. Have a look at some of the possible challenges you might face during the transmission of share.
Mixing up the transfer of shares with the transmission of shares: One of the widely-experienced problems is not finding out the difference between transfer and transmission of shares.
The Companies Act clearly distinguishes the transmission of shares from the transfer of shares. While the transfer of shares relates to a voluntary act of the shareholder, transmission is brought about by the operation of law. Unlike the transfer of shares, in the case of transmission, shares are transferred without any consideration. The transmission takes place on the basis of will or an agreement.