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Basics of enterprise - class-XI
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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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A
Chartered company
💡 Explanation:
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.