What are the main features of the charter act of 1813 and 1833?
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What were the main features of the Charter Acts of 1813 and 1833? The Charter Act of 1813 abolished the monopoly of the Company in all items traded with India except tea. Now anyone from Britain could trade with India. Due to the Charter Act of 1883, the Company had to wind up its operations in India.
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It abolished all the trade privileges of the Company including the trade-in tea and trade with China. East India Company was made an administrative body for British Indian possessions. Britishers were allowed to settle anywhere in India now. It legalised the colonization of India.
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