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Royal Charter Body meaning

What does Royal Charter Body mean?
An organisation created by Royal Charter, giving it separate legal personality and a constitution set by the Charter (and any bye-laws). In UK practice, this descriptive term covers bodies incorporated by the Sovereign on the advice of the Privy Council, often used for charities, professional bodies, universities and learned societies. It is not a statutory definition. Key features include: incorporation outside the Companies Acts; governance and objects fixed by the Charter; changes normally requiring Privy Council approval via a Supplemental Charter or Order in Council; and public-benefit purposes typical of the charitable sector. Where the body is a charity, regulation lies with the Charity Commission for England and Wales, OSCR in Scotland, and the Charity Commission for Northern Ireland; the Privy Council’s role is constitutional oversight, not charity regulation. The form is typically reserved for established institutions able to demonstrate permanence, reputation and sound governance; it is an alternative to a company limited by guarantee or a CIO/SCIO. In Ireland, the term mainly signifies organisations incorporated by Royal Charter before independence; no new Royal Charters are granted by the State. Such bodies, if charitable, are regulated by the Charities Regulator under the Charities Act 2009.
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View the related Practice Notes about Royal Charter Body

PRACTICE NOTES
Advising on charity structures in England and Wales: trusts, unincorporated associations, companies limited by guarantee or shares, and CIOs; legal personality, liability and governance considerations

At present, several legal forms suit a charitable body, with the principal options being: a trust an unincorporated association a company limited by guarantee a charitable incorporated organisation Other possibilities include: a company incorporated by Royal Charter a statutory corporation a company limited by shares an industrial and provident association a friendly society community interest company Over time, the newer charitable incorporated organisation (CIO), created by Part 11 of the Charities Act 2006 (CA 2006), is expected to supplant the company limited by guarantee as a preferred route, as it shares that model’s benefits yet falls solely under the Charity Commission (CC). When selecting a structure for the charity, the CC provides a useful guide: Charity types: how to choose a structure. Incorporated v unincorporated It should be understood that incorporated and unincorporated bodies differ in important ways, and recognising these distinctions is essential when choosing an appropriate...

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PRACTICE NOTES
Executing deeds in charity property transactions: methods by structure, required statements, delegation, Official Custodian and HM Land Registry practice (England and Wales)

Incorporated v unincorporated charities Charities commonly adopt a range of incorporated and unincorporated forms. Corporate forms eligible for charitable status include: a charitable company (almost always a company limited by guarantee) a co-operative society or community benefit society (formerly termed industrial and provident societies) charity trustees incorporated under Part 12 of the Charities Act 2011 (CA 2011) a charitable incorporated organisation (ie the limited-liability model created by Part 11 of CA 2011), requiring registration solely with the Charity Commission a body corporate established by Act of Parliament or Royal Charter (eg the Official Custodian for Charities) Unincorporated charities take one of two forms: a charitable trust; or a charitable unincorporated association Charitable company A charitable company may enter into contracts, execute deeds and issue other documents in the same way as any company formed under the Companies Acts...

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PRACTICE NOTES
United Kingdom unregistered companies: definition, Royal Charter and statutory bodies, structure, share transfers, Companies House filings, applied Companies Act 2006 provisions, PSC regime, and penalties

This Practice Note examines the meaning of an unregistered company under section 1043 of the Companies Act 2006 (CA 2006) and the Unregistered Companies Regulations 2009, SI 2009/2436, and sets out the principal characteristics of unregistered companies. The definition captures incorporated bodies that are not formed under the CA 2006 or any other public general Act of Parliament. It does not extend to unincorporated associations. What is an unregistered company? An unregistered company is an uncommon type of incorporated entity that is neither formed nor registered under the CA 2006 nor under any other public general Act of Parliament. It includes entities established by private Acts of Parliament (which differ from a public general Act) or by Royal Charter. Companies incorporated by Royal Charter account for by far the largest proportion of unregistered companies (see incorporated by Royal Charter below). Under the Insolvency Act 1986, the expression unregistered company also encompasses an unincorporated association or a partnership, although this is not the position under the CA 2006....

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View the related Precedents about Royal Charter Body

PRECEDENTS
Call option agreement for sale of development land at fixed price, planning to be obtained by buyer (England and Wales)

date [ date ] Parties [ name of (first) Seller ] [ and [ name of second Seller ] both ] [ of OR incorporated in England and Wales (company registration number [ number ]) whose registered office is at ] [ address ] [ and whose address for service in England and Wales is [ address ] ] (Seller) [ name of Buyer ] [ of OR incorporated in England and Wales (company registration number [ number ]) whose registered office is at ] [ address ] [ and whose address for service in England and Wales is [ address ] ] (Buyer) 1 Definitions For this Agreement, the terms below are to be understood as follows: Buyer’s Solicitors — [ name ] of [ address ] (reference [ details ]) or any other solicitors the Buyer notifies to the Seller; Competent Authority — any of: (a) a local authority, government department, or any body...

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PRECEDENTS
Buyer’s legal charge to Seller over development land securing overage under an overage deed, with permitted disposal releases, enforcement, receiver and priority provisions (England and Wales)

Date [ date ] Parties [ name of Buyer ] [ of OR incorporated in England and Wales (company registration number [ number ]) whose registered office is at ] [ address ] (Buyer) [ name of Seller ] [ of OR incorporated in England and Wales (company registration number [ number ]) whose registered office is at ] [ address ] (Seller) 1 Definitions For this Deed, the terms set out below shall have the meanings assigned to them: [ Affordable Housing • [ social rent, affordable rent and intermediate subsidised homes provided to persons who are unable to rent or buy dwellings generally available on the open market OR carries the meaning attributed to that expression in Annex 2 of the National Planning Policy Framework presently current ] ; ] Competent Authority • any: (a) local council, highway authority, government department or any other authority, body or individual exercising powers under statute or by...

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PRECEDENTS
New-build long leasehold (off-plan) agreement for lease with developer works, snagging, longstop and warranty provisions (England and Wales)

1 Definitions In this Agreement, the following terms apply: Actual Completion Date – the date on which the Lease is granted. Approval – permissions or licences required for the Seller’s Works by Legislation or a Competent Authority. Competent Authority – any statutory or Royal Charter body, or a utility service or supply company. Completion Date – the specified working day after service of the Completion Notice, or a named date. Completion Money – the Price less the deposits [and any Incentive], plus any agreed sums such as the Contents Price. Deposit – the stated percentage of the Price, with credit for any Initial Deposit. Interest Rate – a stated percentage above the named bank’s base rate. Lease – the lease in the form attached at Appendix 4. Legislation – UK Acts, orders, regulations, consents, licences, notices and bye laws, and approved codes of practice. Ready for Occupation – the Property is complete for safe access and use,...

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