Question

What was the significance of the charter act of 1853?

Answer 1

Explanation:

The Charter Act of 1853 empowered the British East India Company to retain the territories and the revenues in India in trust for the crown not for any specified period as preceding Charter Acts had provided but only until Parliament should otherwise direct.

Answer 2

Significance of the charter act of 1853:

• The legislative and executive functions of the governor-general were separated.

• This act served as the support of the modern parliamentary form of government.

• Many changes were made to improve the administration of the company.

• Now the selection was done through Competitive exams for the company's employees.

• Company’s influence was reduced by this act.

• The Board of Directors with 6 members who were Crown-nominated.

• British government has the power to end the governance of the company at any time.

• This act allows the British India company to have territories and collect revenue from there.

• The Macaulay Committee was appointed in 1854 for the selection process.

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