Private Company, public company and company limited by shares.

a) Private Company; is the Company which restricts the maximum number of members to fifty, restricts transfer of shares and prohibits the invitation of members of the public to subscribe to its shares.

b). Public Company; is the Company with unlimited number of its members and it does not restrict transfer of its shares and does invite the members of the public to subscribe to its shares.

c). Company Limited by Shares; is the Company whose memorandum of association limit the liability of its members to the amount of unpaid shares, if any.