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The function of a corporation charter is to establish the basic elements for an incorporated business enterprise. For example, a corporation charter sets forth the activities the corporation intends to engage in once established.
What Is A Company Seal And Is It Necessaryâ¦. A company seal is essentially a rubber stamp with the companyâs name and Australian Company Number or ACN. It is the same thing as a common seal or a corporate seal. Prior to 1988, company seals were mandatory for the execution of documents and it was compulsory that a seal was affixed to deeds.