Sections 2, 13, 16, 395.
1. The regulations contained in Part I of Table A (with the exception of regulations 8, 24, 51, 54, 84 and 86) shall apply.
2. 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 (exclusive of persons who are in the employment of the company and of persons who, having been formerly in the employment of the company, were while in such employment, and have continued after the determination of such employment to be, members of the company) is limited to fifty, so, however, that where two or more persons hold one or more shares in the company jointly, they shall, for the purpose of this regulation, be treated as a single member;
(c) any invitation to the public to subscribe for any shares or debentures of the company is prohibited;
(d) the company shall not have power to issue share warrants to bearer.