Transfer of property Act of 1882 is an act which regulates the transfer of property in India; it contains provisions specifying what constitutes a transfer and the conditions attached to it.
According to the Act, 'transfer of property' is the act by which a living person conveys or transfers property in present or in future to one or more living persons, or to himself.
Here, 'living person' may include "a company" or "association" or "body of individuals". Any kind of property may be transferred, including the transfer of immovable property.