African Company
Legal definition for Indian law research
Definition
African company, a company which, under a charter of Charles II., enjoyed an exclusive trade from the port of Sallee, in South Barbary, to the Cape of Good Hope, both inclusive, with all the islands near to those coasts. Several statutes were passed, placing their trade upon a new footing, but 1 & 2 Geo. 4, c. 28, abolished the company and annulled all the grants made to them; under it the Crown took possession of their forts and castles, and the trade was thrown open.
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