Registered company which has limited liability (the shareholders cannot lose more than their original shareholdings), and a minimum of two shareholders and a maximum of fifty. Shareholders cannot transfer their shares without the consent of other members, and shares cannot be offered to the public. A private limited company is treated as a legal entity.
Blue stands for the Pacific Ocean. The yellow stripe represents the Equator. The points of the star symbolize the island's 12 original tribes. Effective date: 31 January 1968.