The Charter Act of 1793 was passed by the British Parliament in Britain. It renewed the East India Company’s charter for 20 years. The Act focused on administration, finance, and governance in British India. It further strengthened Company control under British authority.

BulletsIn

• Charter of East India Company renewed for 20 years

• Company retained trade monopoly with China

• Trade with India opened to private British traders

• Salaries paid to Board of Control members

• Company servants barred from private trade

• Governor-General gained more administrative control

• Revenue collection system strengthened

• British Parliament increased supervision over Company

• Marked deeper political control in India