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Question
The company which is incorporated under a special royal charter issued by the king or head of the state is called _______.
The company which is incorporated under a special royal charter issued by the king or head of the state is called _______.
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Solution
The correct option is D Chartered company
A royal charter is a formal document issued by a monarch as letters patent, granting a right or power to an individual or a body corporate. They were, and are still, used to establish significant organisations such as cities (with municipal charters) or universities and learned societies.A corporate charter simply referred to as "charter" or "articles of incorporation" is a written document filed with a U.S. state by the founders of a corporation detailing the major components of a company such as its objectives, its structure and its planned operations.
A royal charter is a formal document issued by a monarch as letters patent, granting a right or power to an individual or a body corporate. They were, and are still, used to establish significant organisations such as cities (with municipal charters) or universities and learned societies.
A corporate charter simply referred to as "charter" or "articles of incorporation" is a written document filed with a U.S. state by the founders of a corporation detailing the major components of a company such as its objectives, its structure and its planned operations.
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