One of the important features of the shares of a company is their transferability. Shares, debentures or other interest of the member of a company are moveable property and hence are transferable in the manner as provided in the company’s articles of association.

Form SH-4 is needed to be sent to the company by the transferor or the transferee of the shares within sixty days from the date of execution of share transfer agreement along with the share transfer certificate or certificate relating to securities.

However, there are some restrictions for transfer of shares of a private company as the number of shareholders in a private company cannot exceed 200 and there is no as such restriction of transfer of shares of a public company.