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Transfer or trasmission

This query is : Resolved 
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(Querist)
25 May 2011 Dear all,

Two companies are shareholder in a company, both merged and a new entity is created, so the new share certificate is to be issued in the name of new company.
i want to know that process of issuing new share certificate will govern by transfer section or transmission section.
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Pravin Gupta CS

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Pravin Gupta CS (Expert)
25 May 2011 This is neither treat as a transfer nor a transmission... its exchange of share certificate ... exchange the old certificate with the new..
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