A transfer of shares means the transfer of ownership. In other words, if we define that shares of a company are a movable property and thus can be transferred like any other property. When a previous shareholder transfers the issued shares to the other person who is registered as the holder of those shares. This whole process is known as the transfer of shares.
A Public Company can freely transfer its shares as compared to the private limited company because they issue some restrictions at the time of transfer of shares.
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