THE CHARTER ACTS-ugc

THE CHARTER ACTS-ugc

A-The Charter Act of 1793

1-Company given monopoly of trade for 20 more years.

2-Expenses and salaries of the Board of Control to be charged on Indian Revenue.

3-Governor-General could override his Council.

B-The Charter Act of 1813

1-Company deprived of its trade monopoly in India except in tea and trade with China.

2-All Englishmen could trade with India subject to few restrictions.

3-Rules and procedures made for use of Indian revenue.

4-A sum of Rs 1 lakh earmarked annually for education.

C-The Charter Act of 1833

1-End of company’s trade monopoly even in tea and with China. Company was asked to close its business at the earliest.

2-Governor-General of Bengal to be Governor-General of India. (1st Governor-General of India-Lord William Benick).

3-Govt. of Madras and Bombay deprived of legislative powers.

4-A fourth member, law member added to council of Governor-General.

5-Government Service was thrown open to the people of India.

6-All laws made by Governor General-in-council henceforth to be known as Acts and not regulations.

D-The Charter Act of 1853

1-Extended life of the Company for an unspecified period.

2-First time separate legislative machinery consisting of 12 member legislative council was created.

3-Law member was made a full member of the Executive Council of the Governor-General

4-Recruitment to Civil Services was based on open annual competitive examination. (excluding Indians).