Financial and Management Accounting

1: According to the Companies Act, 1956 a private company means a company which by its Articles 1. Restricts the right to transfer its shares, if any 2. Limits the number of its members to 50. 3. Prohibits invitation to the public to subscribe for any shares in or debentures of, the company. 4. Private companies do not involve participation of public in general. Select the correct answer using the codes given below: