Transfer of shares refers to transmitting or passing down company ownership from the current shareholder to a new holder. Notably, a company may issue different types of shares, including;

• Ordinary shares; They are the most common; they have voting rights, but the shareholders do not have dividend rights.
• Preference shares; They offer preferential rights to the shareholders.
• Redeemable hares; They allow the shareholders to be repaid the principal share capital.
• Convertible preference shares; They have rights to fixed dividends for a specific term.
• Treasury shares; These are ordinary shares that are acquired by a company from the shareholders. However, the company does not have voting rights or dividend entitlement.