Define Chartered Company

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Charters Chartered Enterprises Legally defined chartered enterprises

Fearful investor are waiting for information about the South Sea Company, a public limited company founded in 1711 in London.... Public limited liability company is a type of partnerships in which each member or shareholder bears the financial responsibility for the actions of the company. This is an organization that conducts a profit-oriented activity and whose property rights are reflected in equities.

Public limited companies are funded by the funds placed by members or shareholders who obtain negotiable securities or stocks. Public limited company is a type of unincorporated company that has the component of individual responsibility if each member retains financial responsibility for the actions of the company. The difference between a joint-stock company and a private company is that it consists of a few individuals who are merged in mutual trust.

Conversely, a public limited company is made up of a large number of shareholders who are not familiar with each other. Changes in memberships or the conveyance of shares have no effect on the continuation of the company and the deaths of shareholders do not lead to liquidation.

In contrast to the shareholders of a private company, a shareholder of a capital company has no representative relation to the company or one of its members. It is similar to a joint-stock company because both are characterised by an unlimited successor in which a member can move shares and accept a third party as a member.

There is no impact on the continued existence of the business as both a public company and a corporate body act through corporate governance, a director, a board or a governor. Single shareholders are not authorized to act on the Company's or its members' name. There are a number of differences between a joint-stock company and a joint-stock company.

There is a joint-stock company according to a state statute, while a joint-stock company is established by an arrangement between the members. A public limited company's survival is predicated on the right of an individual to enter into contracts with each other and, unlike a public limited company, does not need state power of attorney before it can be organised.

Whereas members of a company are generally not responsible for the debt of a company, the members of a public limited company are responsible as shareholders. A lawsuit is filed by a company and is filed in its company name, but a public limited company files a lawsuit and is defended on behalf of a certain public official.