Rahul Aggarwal is working as a CEO in a reputed company having head office in Mumbai. The company is following a dynamic approach and thus keeps launching innovative products in the
market. He knows that the shares of his company are not freely transferable. The company is
also concerned about its employees and is offering them good working conditions along with other non-financial benefits. Rahul is concerned about education of children living in slums of Mumbai and thus he is planning to donate 4% of his companies profit for their education. As the company was able to earn good profit it has declared a dividend of 10% for its shareholders and transferred residual profits in reserve.
Based on the given information, answer the following questions:
(a) Name the type of company mentioned in the above case.
(b) Explain any three features of this company.
(c) State any two demerits of joint Stock company form of business organization.
​