Chartered companytype of corporation that evolved in the early modern era in Europe. It enjoyed certain rights and privileges and was bound by certain obligations, under a special charter granted to it by the sovereign authority of the state, such charter defining and limiting those rights, privileges, and obligations and the localities in which they were to be exercised.

The charter usually conferred a trading monopoly upon the company in a specific geographic area or for a specific type of trade item. The earliest English chartered companies were the Merchant Adventurers q. Such early companies were regulated companies, deriving the principles of their organization from the medieval merchant guilds.

The regulated company was a corporation of merchants, each of whom traded on his own account but was subjected to a rigid set of common rules that regulated his operations within narrow limits. A great increase in the number and activities of the chartered companies took place during the second half of the 16th century, when the English, French, and Dutch governments were ready to assist trade and encourage overseas exploration. Changes also occurred in the organization of chartered companies.

The regulated company, which Chartered Company Definition been very convenient for trading with countries where conditions were stable, was not so suitable for ventures to remoter lands, where the risks, commercial and political, were greater.

To meet the requirements of the new trading conditions, the joint-stock organization, in which the capital was provided by shareholders who then participated in the profits from the joint enterprisewas evolved.

In Chartered Company Definition cases, the companies alternated between one form and the other. They Indian Telecommunications Company Logo important effects on international relationsfor they maintained English influence and paid the expenses Xia Corporation Is A Company ambassadors sent to those countries.

Other English companies were established in this period for similar trading ventures: the Spanish Companyregulated ; the Eastland Company, for trade with the Balticregulated ; and the French Companyregulated. The first company for African trade was founded inand others were granted charters inChartered Company Definition, and The East India Company q.

In North America the English chartered companies Lnt Company Full Form a colonizing as well as a trading purpose. Elsewhere, chartered English companies continued to be formed for the development of new trade—for instance, the short-lived Canary Company inthe Royal African Company inand the South Sea Company in There was frantic speculation in the shares of the South Sea Company, resulting in a severe setback to joint-stock enterprise.

In France and the Netherlandschartered companies had also been used for similar purposes by the governments. Under J. Colbert the French East India Company was foundedand the colonial and Indian trade was placed in the hands of chartered companies in which the king himself had large financial interests.

The financial crash in destroyed public confidence, and although a new Company Kitchen Revamp Company the Indies existed untilthe chartered company was virtually dead. In the Netherlands the Dutch East India and West India companies were the basis of the commercial and maritime supremacy of the Dutch in the 17th century. Chartered Company Definition success of the East India companies caused the foundation of the Ostend Companywhereby the Holy Roman emperor Charles VI sought unsuccessfully to acquire the trade Vemax Company England and the Netherlands.

The development of the modern limited-liability company or corporation under successive companies acts led to a decline in the importance of chartered companies. Chartered company. Article Media. Info Print Cite. Submit Feedback. Thank you for your feedback.

Chartered company economics. See Article History. Get exclusive access to content from our First Edition with your subscription. Subscribe today. Chartera document granting certain specified rights, powers, privileges, or functions from the sovereign power of a state to an individual, corporation, city, or other unit of local Chartered Company Definition. Merchant Adventurerscompany of English merchants who engaged in trade with the Netherlands and later with northwest Germany from the early 15th century to The European Book Company, chartered inprincipally engaged in the export of finished cloth from the burgeoning English woolen industry.

Its heyday extended from the late…. History at your fingertips. Sign up here to see what happened On This Dayevery day in your inbox! By signing up, you agree to our Privacy Notice. Chartered Company Definition on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. Fact Monster - History - Chartered Company.

Chartered company - Wikipedia

A chartered company is an association with investors or shareholders and incorporated and granted (often exclusive) rights by royal charter (or similar instrument of government) for the purpose of trade, exploration, and colonization.…

Chartered Company Definition of Chartered Company by ...

Chartered company definition is - a corporation created by charter. Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.. Start your free trial today and get unlimited access to America's largest dictionary, with: . More than 250,000 words that aren't in our free dictionary…

Chartered company economics Britannica

Chartered company, type of corporation that evolved in the early modern era in Europe. It enjoyed certain rights and privileges and was bound by certain obligations, under a special charter granted to it by the sovereign authority of the state, such charter defining and limiting those rights, privileges, and obligations and the localities in which they were to be exercised.…

What does CHARTERED COMPANY mean?

A chartered company is an association with investors or shareholders and incorporated and granted (often exclusive) rights by royal charter (or similar instrument of government) for the purpose of trade, exploration, and colonization.…