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goldenegg
Golden Egg
Contact Info
Join Date - 2023-06-01
My Rank
Free Member
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42
About Me
Transmission of Shares takes place due to the operation of law that is when the holder is no more or has become lunatic or insolvent. It can also take place when the holder of shares is a company, and it has wound up. There is no transfer deed executed, and the transferee will be given the rights to the shares, and the transmission is recorded only when the transferee gives proof of entitlement to the shares. In case of the death of the holder of the shares, it will be transferred to the legal representative and in case of insolvency to the official assignee.
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