If only the transfer of shares between shareholders, the impact on the industry.

如果只转让股份的股东之间，对行业的影响。

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Where the transfer of shares of joint stock companies is involved, it shall be dealt with in accordance with the relevant provisions of the state.

其中涉及股份有限公司股份转让的，按照国家有关规定办理。

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Article 31 Where the transfer of shares, corporate bonds and other securities issued according to law is prohibited by law within a certain period, they may not be purchased or sold during the period.

第三十一条依法发行的股票、公司债券及其他证券，法律对其转让期限有限制性规定的，在限定的期限内，不得买卖。

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The corporation can establish various restrictions on the transfer of shares among shareholders and to the public.

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Tax authorities in recent weeks served notices on oil company Royal Dutch Shell PLC and U.K.-based Vodafone Group PLC saying they owe higher taxes than they paid because they undervalued the transfer of shares between their Indian subsidiaries and other overseas units.

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The bill sought to allow the free transfer of shares held by the government, so as to encourage acquisitions, mergers and financial restructurings.

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