Question

Which company restricts the right of members to transfer its shares?
(a) Private Company (b) Public Company
(c) Joint Stock company (d) Cooperative society

Answer 1

Answer:

(a) Private Company is The Answer.

Explanation:

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Answer 2

EXPLANATION:

The correct answer for the given question is private company. According to the Section 2(68) which is of the Companies Act 2013, it basically provides that the articles of a private company can restrict the right to transfer the shares of the company.