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DEFINITION of 'Corporate Charter'
A written document filed with a U.S. state by the founders of a corporation detailing the major components of a company such as its objectives, its structure and its planned operations. If the charter is approved by the state government, the company becomes a legal corporation.
Also referred to as "charter" and "articles of incorporation".
How to Incorporate a Company in Switzerland
The incorporators' meeting must be held before a Swiss notary public; however, the incorporators may appoint a proxy (i.e. CSF) for such a meeting. At the meeting the incorporators adopt the articles of incorporation and elect the members of the board of directors and the auditors. All these resolutions must be embodied in a notarized deed of incorporation. This deed of incorporation confirms further that the incorporators have subscribed to all shares and have made their contributions to the share capital.
Filing with the Commercial Registry
After the incorporators' meeting, an application for registration of the corporation must be filed with the Office of the Commercial Registry at the corporation's domicile. This application sets forth the essential information relating to the corporation, information that will also be published in the Commercial Registry, and must be accompanied by the following documents: (i) the notarized deed of incorporation, (ii) a certified copy of the articles of incorporation, (iii) declarations of acceptance from the initial board members and auditors, (iv) a confirmation by a Swiss bank that the initial share capital has been paid-in, (v) a board resolution concerning the constitution of the board of directors and, if so decided, the appointment of officers.
Registration in the Commercial Registry
The corporation becomes a legal entity only upon its registration in the Commercial Registry. Notice of the registration is published in the Swiss Official Gazette of Commerce.
Time needed for Formation
The entire incorporation process normally takes approximately two weeks from the date of the incorporators' meeting, but may be shortened to around three to five business days upon consultation with the Office of the Commercial Registry.
Do you wish to proceed with the incorporation of your Swiss company? Simply follow our step-by-step guidance.
Whereas the Powers signatory to the Hague Agreement of January, 1930, have adopted a Plan which contemplates the founding by the central banks of Belgium, France, Germany, Great Britain, Italy and Japan and by a financial institution of the United States of America of an International Bank to be called the Bank for International Settlements;
And whereas the said central banks and a banking group including Messrs. J. P. Morgan & Company of New York, the First National Bank of New York, New York, and the First National Bank of Chicago, Chicago, have undertaken to found the said Bank and have guaranteed or arranged for the guarantee of the subscription of its authorised capital amounting to five hundred million Swiss francs equal to 145,161,290.32 grammes fine gold, divided into 200,000 shares;
And whereas the Swiss Federal Government has entered into a treaty with the Governments of Germany, Belgium, France, Great Britain, Italy and Japan whereby the said Federal Government has agreed to grant the present Constituent Charter of the Bank for International Settlements and not to repeal, amend or supplement the said Charter and not to sanction amendments to the Statutes of the Bank referred to in Paragraph 4 of the present Charter except in agreement with the said Powers; ........
originally posted by: mSparks43
a reply to: soficrow
Don't get me wrong - I'm well aware of the power the banks hold, but when push comes to shove, it's about economics,
I think the key difference is to see "ancient Pharoahs, Kings and Emperors" as individuals.
When in fact, imho, they were, and still very much are, families that organised themselves as corporations, with the employment criteria of being one of the family, and being the CEO/Chairman awarded to the oldest man of the house.
Liberalising that is nothing but a good thing imho.