Achi Biz > FAQs > Registration-Incorporation of Entity > Difference between allotment and transfer of shares?

Difference between allotment and transfer of shares?

In:

Difference between allotment and transfer of shares?

Allotment of shares is to increase the paid up capital of issued share capital whereas the transfer of shares is merely transferring from existing members to new or other existing members.
There is no stamp duty payable for allotment of shares whereas it’s to be paid for transfer of shares to have the legal effects.