Question

Name the type of company which restricts the right of members to transfer shares​

Answer 1

Answer:

Private limited Company

1) According to Companies Act, 2013, A private limited Company is a company which by its articles, restricts the rights to transfer its shares, if any. 2) As it is a Private Limited Company its members should be minimum 2 and maximum 200 and must have a minimum paid up shares capital of one lakh rupees.