- It was the act of the British Parliament which renewed the charter issued to the British East India Company(EIC) and continued the Company’s rule in India.
- Company’s trade monopoly was continued for further 20 years.
- The governor general was given extensive powers over the subordinate presidencies.
- Salaries for the staff and paid members of the Board of Control were also now charged to the company.
- The East India Company was empowered to grant license to both individuals and company employees to trade in India.
- This act recognized the courts and redefined their jurisdictions. The revenue administration was separated from the judiciary functions.
- Governor-General was empowered to disregard the majority in the council in special circumstances. Commander in chief was not now the member of Governor General council, unless he was 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube
