What is the significance of the royal charter

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Princeton's WordNet 2. Freebase 2. Matched Categories Charter. How to pronounce royal charter? Alex US English. David US English. Mark US English. Daniel British. Libby British. Mia British. Karen Australian. Hayley Australian. The Privy Council will wish to be satisfied that such regulation accords with public policy. Members of a Royal Charter body have no liability for the debts of the body.

The reason for this is that the Crown has no power at common law to attach liability to individual members of such a corporation. The members cannot recover or be charged with them in their natural capacity. In addition to the Privy Council and the Crown, Scottish Royal Charter bodies which have charitable status are also subject to the terms of the Act since by definition a charity includes any body entered in the Scottish Charity Register, whether created by Royal Charter or not.

The charity trustees in terms of the Act are the persons having the general control and management of the administration of the charity. These are normally always the directors of the Royal Charter body, however, they are described in the Charter. Although still occasionally granted to cities, today new charters are usually conferred on bodies such as professional institutions and charities working in the public interest, which are able to demonstrate financial stability and permanence, and pre-eminence in their field [6].

With the grant of a charter, an organisation becomes a single legal entity — as opposed to a collection of persons — with the same rights and powers as an individual [7]. This is comparable to the level of protection afforded to limited liability companies which were incorporated under the much more recent Companies Acts, originating in the 19th century [8].

Tain Community Website. United Kingdom: Privy Council Office. XLS Excel spreadsheet. Michael Chatfield and Richard Vangermeersch. New York: Garland Publishing,