What is a charter?

Olga Kandayeva
Olga Kandayeva
January 18, 2013
What is a charter?

If you are interested in what a charter is, then initially you should be aware that a charter is a series of rules that regulate the activities of an organization or enterprise. Usually, charters are approved by the founders, and general state charters are approved by the relevant government departments. There is a difference between the memorandum of association, which is made between the founders and the statute.

The charter is approved by the founders, but it also requires the approval of special agencies that are engaged in the registration of such enterprises. The charter, as well as in each constituent document, contains legal information about the enterprise, its name, location address, order of activity, as well as other items required by local government departments.

Typically, the statutes are required to have the organization of such property, the company of joint-stock ownership. Also, the charter is applied in the sphere of constitutional and legal regulation; such a charter defines the legal provisions of subjects of the country,they usually fix certain authorities and local governments, indicate the powers and structure of such segments of power. In their essence, they resemble the constitution of a separate republic. There is also such a thing as a military charter, which regulates the activities of the country's armed forces. You should be aware that violations of certain points of such a statute are considered in court.