Mode of transferring land, etc

(1) From and after the commencement of this Act, every transfer of the legal title to registered land by one person to another shall be made under and in accordance with this Act. (2) A deed of conveyance purporting to transfer any registered land, or any estate or interest therein, which is required to be transferred by a certificate of title under this Act shall not vest in the intended transferee the legal title to such land, estate or interest therein, but shall operate to create in the intended transferee an equitable title only to the land, estate or (3) A person in whom the equitable title to any registered land, or any estate or interest therein is beneficially vested by virtue of a deed of conveyance or his assignee may, after demand in writing made upon the person who holds the legal title to such land, estate or interest, by action claim transfer to himself by the latter person of the legal title to the said land, estate or right by means of a certificate of title.