DIFFERENCE BETWEEN TRANSFER AND TRANSMISSION OF SHARE
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SL. NO
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TRANSFER OF SHARE
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TRANSMISSION OF SHARE
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1
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Transfer takes place by a voluntary act of the transferor.
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Transmission takes place by operation of law
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2
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An instrument of transfer is required in case of transfer.
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An Intimation is required in case of transmission of share.
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3
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Transfer is normal course of transferring property.
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Transmission takes place on death or insolvency of holder of
security.
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4
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Transfer of security is generally made for some consideration.
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Transmission of security is generally made without any consideration.
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5
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Stamp duty is payable on transfer of securities by a holder of
securities
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No stamp duty is payable on transmission of securities.
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