define charter act of 1813 .... ......
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The East India Company Act 1813, 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 Indi
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The East India Company Act 1813, 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. However, the Company's commercial monopoly was ended, except for the tea and opium trade and the trade with China, this reflecting the growth of British power in India.
This clause of Charter Act of 1813 compelled the East India Company to accept responsibility for the education of the Indian people by granting one lac rupees.
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