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The Royal Charter effectively gave the newly created Honourable East India Company a 15-year monopoly on all trade in the East Indies.

The Company transformed from a commercial trading venture to one that ruled India and exploited its resources, as it acquired auxiliary governmental and military functions, until its dissolution.

The earliest records of joint stock company can be found in China during the Song Dynasty (960–1279).

Finding the earliest joint-stock company is a matter of definition.Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability.In the United Kingdom and other countries that have adopted its model of company law, they are known as unlimited companies.The Swedish company Stora has documented a stock transfer for an eighth of the company (or more specifically, the mountain in which the copper resource was available) as early as 1288.In more recent history, the earliest joint-stock company recognized in England was the Company of Merchant Adventurers to New Lands, chartered in 1553 with 250 shareholders.Soon afterwards, in 1602, the Dutch East India Company issued shares that were made tradable on the Amsterdam Stock Exchange.

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