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By convention, most common law jurisdictions divide the constitutional documents of companies into two separate documents: [1]. the Memorandum of Association (in some countries referred to as the Articles of Incorporation) is the primary document, and will generally regulate the company's activities with the outside world, such as the company's objects and powers.
A chartered company is an association with investors or shareholders that is incorporated and granted rights (often exclusive rights) by royal charter (or similar instrument of government) for the purpose of trade, exploration, or colonization, or a combination of these. [1]
Articles of incorporation, also referred to as the certificate of incorporation or the corporate charter, is a document or charter that establishes the existence of a corporation in the United States and Canada. They generally are filed with the Secretary of State in the U.S. State where the company is incorporated, or other company registrar.
A charter member (US English) of an organization is an original member; that is, one who became a member when the organization received its charter. [2] A chartered member (British English) is a member who holds an individual chartered designation authorized under that organization's royal charter.
Most of these companies have ceased to exist or have changed their business scope. See also Category:Trading companies for Chartered Companies by country or century.
Charter of Massachusetts Bay, 1742. A charter is a document that gives colonies the legal rights to exist. Charters can bestow certain rights on a town, city, university, or other institution. Colonial charters were approved when the king gave a grant of exclusive powers for the governance of land to proprietors or a settlement company.
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Shareholders were also explicitly granted limited liability in the company's royal charter. [12] In England, the government created corporations under a royal charter or an Act of Parliament with the grant of a monopoly over a specified territory. The best-known example, established in 1600, was the East India Company of London.
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