sharestransmission

Transmission of shares refers to the process of transferring ownership of shares from one person to another without a sale or purchase transaction. This transfer typically occurs due to specific events or circumstances, such as the death of a shareholder, inheritance, or legal requirements. The primary objective of transmission of shares is to ensure that the rightful owner or beneficiary gains control of the shares. Here are some key aspects of share transmission:
Death of a Shareholder: The most common reason share transmission is the death of a shareholder. When a shareholder passes away, their shares need to be transferred to their legal heirs or beneficiaries as per their will or applicable laws of inheritance.