Which of the following company, by its articles, restricts the right to transfer its shares?

Private Company

The correct answer is option 3- Private Company.

Private Company by its articles, restricts the right to transfer its shares.

A private company is one which by its articles of association:

• (a) Restricts the right to transfer its shares;
• (b) A private company must have at least 2 persons, except in case of one person company;
• (c) Limits the number of its members to 200 (excluding its employees).