The Charter Act of 1793 was a British Act of Parliament that was passed to renew the charter of the East India Company and to make further changes to the governance of the company's territories in India. The East India Company was a British trading company that had been granted the right to trade in India by the British government. However, the company had also acquired significant territories in India and had been exercising a degree of political control over these territories.
The Charter Act of 1793 made several significant changes to the way the East India Company was managed, including the following:
It renewed the charter of the East India Company for a further 20 years.
It granted the company the exclusive right to trade with India, subject to certain conditions.
It granted the company the right to acquire and hold land in India.
It granted the company the power to appoint and remove officials in the company's territories in India.
It granted the British government the power to regulate the company's trade and revenue policies.
The Charter Act of 1793 was a significant milestone in the history of British India and had far-reaching consequences for the governance of the East India Company's territories in India. It marked the beginning of a more structured and regulated system of governance in India, which was further developed and refined over the course of the 19th and early 20th centuries.