1- The regulation contained in table ‘A’ to the first schedule to the companies act 2017 shall be the regulation of KARWAN-E-BANI HASHIM so far these are applicable to a private company.
2- The company is a ‘PRIVATE COMPANY’ within the meaning of section to (1) (49) of the act and accordingly.
(1) No invitation shall be made to the public to subscribe for the shares or debentures of the company.
(2) The number of the members of the company (exclusion of persons in the employment of the company) shall be limited to fifty, provided that for the purpose of this provision, where two or more persons hold one or more shares in the company jointly, they shall be treated as a single member and
(3) The right to transfer shares if the company is restricted in the manner and to the extent herein appearing.