Goods' is defined as per Section 2 (7) of the 'Act' as. “Every kind of movable property other than actionable claims and money; and includes stock and shares, growing crops, grass, and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale.”

Hence, shares are transferrable to one person to another.

Pursuant to provisions of company law a duly executed transfer deed has to be lodged with the share certificates to register the transfer of share.