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RECOVER YOUR LOST SHARE CERTIFICATEMeaning of Transfer of Shares The purposeful transfer of title of the shares between the transferor (one who transfers) and the transferee is referred to as a transfer of shares (one who receives). A public corporation's shares are freely transferrable unless the firm has a solid basis to prohibit it. A private limited company's shares are not transferrable, with a few exceptions. For the transfer of shares, a transfer deed is used.