Charter act of 1813
Features:
- The Charter act of 1813 ended the monopoly of the East India Company in India, the company’s monopoly in trade with china and trade in tea with India was kept intact.
- The company’s rule was extended to another 20 years.
- The act granted permission to the persons who wished to go to India for promoting moral and religious improvements. (Christian Missionaries)
- This act regulated the company’s territorial revenues and commercial profits. It was asked to keep its territorial and commercial accounts separate.
- The company’s dividend was fixed at 10.5% per annum.
- There was also a provision that the Company should invest Rs. 1 Lakh every year on the education of Indians.
- It empowered the Local Governments in India to impose taxes on persons and to punish those who did not pay them.
