The Company is a private company and accordingly:
a) the right to transfer shares is restricted in the manner hereinafter prescribed;
b) the number of members of the Company (counting joint holders of shares as one and not counting any person in the employment of the Company or of its subsidiary and any person who while previously in the employment of the Company of of its subsidiary was and thereafter has continued to be a member of the Company) shall not exceed fifty (50);
c) any invitation to the public to subscribe for any shares in or debentures of the Company is prohibited; and
d) any invitation to the public to deposit money with the Company for fixed periods or payable at call, whether bearing interest or not bearing interest is prohibited.