what is a charter act
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Answer:
The charter act is also known as East India company act of 1813
Explanation:
- Trade monopoly of company in India was ended.
- But trade in tea with India and China continued.
- It recognised the educational development in India under guidance and controlled of 3 district agencies.
- One lakh rupees were sanctioned to promote education in India.
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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.
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