What did the Charter Act of 1813 State?
The Charter act of 1813 ended the monopoly of the East India Company in India, however the company’s monopoly in trade with China and trade in tea with India was kept intact. Thus, trade with India for all commodities except Tea was thrown open to all British subjects.
What is the importance of the Charter Act of 1813 in the history of Indian education?
(d) The Charter Act brought to an end the era of agitation started by Charles Grant, Wilberforce and others. “It allowed the missionaries to land in India in large numbers and establish modern English schools and thereby they laid the foundation of the well-organised modern educational system”.
Why it is called Charter Act?
The East India Company Act 1813 (53 Geo 3 c 155), also known as the Charter Act 1813, was an Act of the Parliament of the United Kingdom which renewed the charter issued to the British East India Company, and continued the Company’s rule in India.
What was the amount declared in the Charter Act of 1813?
This act regulated the company’s territorial revenues and commercial profits. It was asked to keep its territorial and commercial accounts separate. The company debt was to be reduced and dividend was fixed @10.5% per annum.
Who introduced First Charter Act?
This Act was passed when Lord Dalhousie was the Governor-General of India. Candidates can also download the Charter Act of 1853 notes PDF from the link given below.
What are the main features of the Charter act of 1813 and 1833?
Due to the enactment of the Charter Acts of 1813 and 1833, the monopoly of trade of the company with India was abolished except for the trade of tea. Anyone from Britain could have a trade relation with India. Also, the company had to shut down all its operation in India due to the Charter Act of 1833.
When was the last Charter Act passed?
Charter Act of 1853 was the last Charter Act passed for East India Company. It was passed on the expiry of the Charter Act of 1833 . The Charter has been revised but no major changes have been made.
What was the impact of Charter Act of 1813 India?
Charter Act of 1813 – Provisions The Crown’s jurisdiction over British colonies in India was asserted by this Act. The rule of the corporation was prolonged for another 20 years. Except for tea, opium, and trade with China, their trade monopoly was broken.