Question

State two features of the trade charter given to the Company

Answer 1

Answer:

The East India Company Act 1813, popularly known as the Charter Act 1813 , was an Act passed by the Parliament of United Kingdom on 21st July 1813 for The East India Company that extended their term in India.Though now their commercial monopoly was over with two exceptions, that too were taken away in 1833.For the first time the constitutional position of British territories in India was defined.

The features of the Act were-

1. The crown (then Britain) now had control over the British India.

2.Rs 100,000 was allotted for promotion of education of Indian population.

3. Christian missionaries were now allowed to propagate their faith in India.

4. The Act regulated company's territorial revenues and commercial profits.

5. The act also empowered the local government to impose taxes on people who were under supreme court's jurisdiction. It also allowed them to punish people when the taxes were not payed.

Answer 2

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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.

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