Hi Nikesh

Transfer of shares refers to the intentional transfer of title to shares by one person to another. There are two parties to transfer of shares, i.e. transferor and transferee.

When the transfer of shares occurs due to the operation of law, i.e. when the registered shareholder is no more or when he is insolvent or lunatic, transmission of shares occurs.

Some other key differences between the two are that t ransfer of shares is done intentionally whereas death, bankruptcy and lunacy are the reasons for transmission of shares. Also the transfer of shares is initiated by the parties to transfer, unlike transmission of shares which is initiated by the legal representative of the concerned member.

Hope it helps.