The registration of share transfer of a private limited company is a must for the transferee to ensure himself as a member of the company. Without the registration, a share transfer is never valid. A Share transfer is a legitimate certificate through which a transferee consents to accept the shares of a limited private organization.
It becomes a proper agreement with the corporation. Thus, once the business accepts and designates the transfer, it leads to the listing of transferee name in the registry of the members in a limited private organization. However, the maintenance of the register is not mandatory for all the companies.