The Charter Act of 1833 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 1833 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 abolished the company's monopoly on trade with India and opened the country to British merchants.
- 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.
- It established a system of judicial courts in India, with the Chief Justice and other judges to be appointed by the company.
The Charter Act of 1833 was a significant milestone in the history of British India and had far-reaching consequences for the governance