Transfer of shares is a voluntary process initiated by the shareholder and buyer, whereas transmission is brought about by operation of law. Transmission of share means registration of title of share in another person’s name on occurrence of certain events for example, devolution by death, succession, inheritance, insolvency etc. While transfer of shares is brought about by delivery of a proper instrument of transfer (viz, transfer deed) duly stamped and executed, transmission of shares is done by forwarding the necessary documents (such as a death certificate) to the company.