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प्रश्न
What is a chartered company?
लघु उत्तर
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उत्तर
A chartered company is established with a Royal Charter or special approval granted by the head of state. It is awarded exclusive privileges and abilities. The British East India Company was established under a Charter from the Queen of England. Other chartered companies include the Bank of England, Hudson’s Bay Company, and Dutch East India Company. Monarchies decreased, making this form of company increasingly rare.
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