Question

2. In which type of company there is no restriction on the
transfer of shares
(a) private company
(b) Public company
(c) Both of the above
(1) None of above .
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Answer 1

The above-discussed feature is what differentiates private companies from public companies, which have no restrictions on the right of their members to transfer their shares. Section 111A(2) provides that the shares or debentures of a public company shall be freely transferable.

Answer 2

Out of following Public Company has no restrictions on the transfer of shares.

Option(B) Public Company

• A private company is a company or a firm held under private ownership.
• A public company that sold all or a portion of itself to the public via a public offering.

• A share is the share capital of the company including stocks.
• So, the Public Company has no restrictions on the transfer of shares.