What is the difference between Transfer and Transmission?
MOHIT MAHAJAN
(LCS, ACA)
(2050 Points)
Replied 22 November 2009
1. Tansfer is a voluntary act whereas transmission is by operation of law
2. An instrument of transfer is required in case of transfer but no instrument of transfer required in transmission.
3. Exp-: transfer is a normal course of transferring property whereas transmission takes place on death or insolvency of shareholder.
CA. Megha Topiwala
(Job)
(1534 Points)
Replied 22 November 2009
yeh... explanation of Mohit is perfect.. i agree...
CAclubindia
