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What are Chartered Companies?

Meaning of Chartered Company: - A Company which is formed by the grant of a charter by the Crown and which is regulated by that charter, is called as Chartered Company.

These companies are very rare to see and it can be said that they don't exist anymore.

A well known Chartered Company was 'East India Company'.

Chartered companies were popular in Europe years ago. They were allowed to certain rights and privileges but they were accountable to various obligations.
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