Share Transfer: Share transfer is the process where a shareholder voluntarily transfers their shares to another person. The transferor must fill out a share transfer form (Form SH-4), which includes details of the transferor, transferee, and shares being transferred. This form must be duly stamped and signed by both parties. The completed form, along with the original share certificates, is submitted to the company. The company’s board of directors reviews and approves the transfer, updating the company’s records and issuing new share certificates to the transferee.

Share Transmission: Share transmission occurs when shares are transferred due to the death or insolvency of a shareholder or by operation of law. The legal heirs or representatives must submit a transmission request to the company, accompanied by relevant documents such as a death certificate, probate, or succession certificate. The company verifies the documents and, upon approval, records the transmission and issues new share certificates in the name of the new holder. This process ensures the seamless transfer of ownership rights without a formal transfer deed.