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proposed in the preceding two decades, the 1793 Act "passed with minimal trouble". The Act made only fairly minimal changes to either the system of government in India or
British oversight of the company's activities. Most importantly, the company's trade monopoly was continued for a further 20
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An Act for continuing in the East India
Company for a further Term the Possession of the British Territories in India, together with their exclusive Trade under certain Limitations; for establishing further Regulations for the Government of the said Territories, and the better Administration of
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This was known as 'privilege' or 'country trade'. This led to shipments of opium to China. This Act separated the revenue administration and the judiciary functions of the company leading to the disappearance of Maal
Adalats (revenue
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The Act established that “acquisition of sovereignty by the subjects of the Crown is on behalf of the Crown and not in its own *right,” which clearly stated that the company's political functions were on behalf of the
British
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Justice within the same; for appropriating to certain Uses the
Revenues and Profits of the said Company, and for making Provision for the good Order and Government of the Towns of Calcutta, Madras, and Bombay.
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The company was granted the authority to grant licenses to individuals and company employees to carry on trade in India (known as the "privilege" or "country" trade), which paved the way for
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The composition of the Board of
Control changed. It was to have a President and two junior members, who were not necessarily members of the Privy Council.
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years. Salaries for the staff and paid members of the Board of
Control were also now charged to the company. Other provisions of the Act included:
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Senior company officials were barred from leaving India without permission. If they did so, it would be considered as a resignation.
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When the
Governor-General was present in Madras or Bombay, he would supersede in authority over the governors of Madras and Bombay.
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In the
Governor-General's absence from Bengal, he could appoint a vice president from among the civilian members of his Council.
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After all expenses, the company had to pay the
British government 5 Lakh British Pounds from the Indian revenue annually.
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The salaries of the staff and the Board of Control were also now charged to the company.
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This Act continued the company's rule over the British territories in India.
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It continued the company's trade monopoly in India for another 20 years.
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The Governor-General's power of over-ruling his council was affirmed.
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The company's dividends were allowed to be raised to 10%.
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295:. Vol. 11. J. and E. Parker. p. 275.
224:The company's charter was next renewed by the
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270:A Constitutional History of India 1600–1935
190:The Governor-General was given more powers.
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159:In contrast with legislation concerning
135:which renewed the Charter issued to the
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381:Great Britain Acts of Parliament 1793
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276:, Methuen, London, 1936, p. 100
334:. You can help Knowledge (XXG) by
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256:Short title as conferred by the
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391:Legislation in British India
123:. c. 52), also known as the
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133:Parliament of Great Britain
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292:The Edinburgh Encyclopædia
143:was continued for all the
137:British East India Company
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