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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.
United Kingdom company law regulates corporations formed under the Companies Act 2006. Also governed by the Insolvency Act 1986, the UK Corporate Governance Code, European Union Directives and court cases, the company is the primary legal vehicle to organise and run business.echnically speaking, shareholders have very few rights in the Companies Act 2006, because only in a handful of places are shareholders (those who invest capital in a company) expressly identified as the subject of rights. Instead, members have rights in UK company law.