Which company doesn't restricts the right to transfer its shares?

A Public Company

The correct answer is option 3- A Public Company.

Public Company: A public company means a company which

• (a) is not a private company;
• (b) is a company which is not a subsidiary of a private company.

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

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