Ch 2Transfer and Transmission of Shares — Class 12 Commercial Correspondence and Secretarial Practice, concept-first.

A share, in the eyes of company law, is a bundle of rights and obligations that a member holds in a company, and one of its defining features is that it can, ordinarily, change hands.

Once a shareholder has decided to transfer his shares, the Companies Act, 2013 lays down an exact procedure that must be followed before the company can lawfully record the change of ownership in its…

Registering a transfer is not always automatic. Section 58 of the Companies Act, 2013 gives a company a limited, but real, power to refuse to register a transfer of its securities, and it also gives t…

Not every change in the ownership of shares is something the shareholder himself decides. Transmission of shares is the process by which the title to shares passes to another person by operation of la…

Because transmission arises from an event rather than an agreement, its procedure looks quite different from the procedure for transfer, even though both eventually update the same register of members…

Transfer and transmission both end with the same visible result — a name change in the company's register of members — but they differ in almost every other respect, from how they begin to how the com…

Sample papers and previous-year board questions for this subject.