Features of Chartered Companies

Characteristics of charter companies

The characteristics of the Chartered Company give us an insight into its definition, its characteristics, its origin, etc.. Charter companies have the following functions: The Chartered Companies were companies that were granted certain rights and privileges under a special charter issued by the sovereign of a European state.

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A corporation formed by the Crown's constitution is referred to as a Chartered Corporation. Best example of a charters firm is the East India Corporation. Members of a chartership are not liable for the debt incurred by the Society. The following roles are performed by a charter company:

Crown may cancel the charter from the establishment of the undertaking if it finds that its instructions are not followed by the undertaking being carried.

charter companies

Companies, export, exploration and colonisation organisations that have been created with the creation of the countries of Europe and their internationalisation. A federation got its statutes from the state and sometimes had state subsidies. Each member of the controlled society was an independant dealer working with its own funds and subject only to the general regulations of the articles of incorporation.

Within the joint-stock corporation, the enterprise itself did the trading and worked with the common equity of the members, who each had a share in the profit and loss. It was granted a commercial or colonisation monopoly in a particular area, and usually performed legislative, armed and contractual duties, among other things, provided the home administration agreed.

English Merchants adventurers (1359) were more of a Guild organisation, but they pointed to companies such as England's Muscovy (1555), Levant in 1581, East India (1600, perhaps the largest of them all), Hudson's Bay (1670) and Holland's Dutch East India (1602). Colonising companies such as the Virginia Company (1606), the Massachusetts Bay Company (1629), the French Royal West Indian Company (1664-74), the Santo Domingo Company (1698) and the Dutch West India Company (1621) were taken over more quickly by their respective administrations.

Later, in the nineteenth centuries, colonising and acting companies such as the North Borneo (1881), Royal Niger (1886), South Africa (1888) and East Africa (1884) did not last long and had more limited authority, but testified to the continued importance of the charterer. Technically speaking, the state-of-the-art enterprise is a charterer.

{\a6} Siehe G. Cawston, The Early Chartered Companies, 1296-1858 (1896, Rep. 1968) R. Robert, Chartered Companies and their Role in the Development of Overseas Trade (1969).

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