Chapter: Issue of Shares· Secretarial Practice

Write a word or a term or a phrase which can substitute the following statement : Transfer of shares due to operation of law.

Q.1 (A) (2) Write a word or a term or a phrase which can substitute the following statement : Transfer of shares due to operation of law.

Doubtly Asked 29 Oct 2026 Board exam · July 2024 hsc 12th Save WhatsApp Report

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Answer: Transmission of shares

When shares pass to another person not by a voluntary act but by operation of law, for example on the death, insolvency or insanity of the holder, it is called transmission of shares. No instrument of transfer or stamp duty is needed.

Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report

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Write a word or a term or a phrase which can substitute the following statement : Transfer of shares due to operation of law.

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