Under what circumstances transmission of shares take place?
Transfer of share voluntarily from one party to another.
Transmission of shares takes place by the operation of law in case the member of the company is not alive or has become insolvent.
It’s a voluntary decision of the member of the company.
In case if insolvency, death or inheritance of the member..
How do you transmit shares?
While transfer of shares is brought about by delivery of a proper instrument of transfer (viz, transfer deed) duly stamped and executed, transmission of shares is done by forwarding the necessary documents (such as a notarised copy of death certificate) to the company.
What is an off market share transfer?
An off-market transfer is a process in which investors privately transfer their shares without using the services of a share broking firm. This process is settled between two parties on mutually agreed terms. The stock exchange or the clearing corporation is not involved.
What is transmission process?
1 : an act, process, or instance of transmitting transmission of a nerve impulse across a synapse. 2 : the passage of radio waves in the space between transmitting and receiving stations also : the act or process of transmitting by radio or television.
What is the difference between transfer and transmission?
Content: Transfer of Shares Vs Transmission of Shares 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.
What is the meaning of transmission of shares?
– Transfer of shares refers to the transfer of title to shares, voluntarily, by one party to another. … – Stamp duty is involved under transfer and payable on the market value of shares. Transmission of Shares. – Transmission of shares means the transfer of title to shares by the operation of law.