The first war of Indian Independence in 1857 brought the career of East India Company to an end. In 1858, the Government of India was placed directly under the crown through the Secretary of State for India and all the matters were to be seen by him. This Act had three parts:
Tuesday, December 26, 2017
The Charter Act of 1853
- Laid foundation of Parliamentary system of Government, the executive and legislative separated. Legislative Assembly functioned in the model of British Parliament.
- Renewed the term of East India Company for an indefinite period;
Charter Act of 1833
- Company's monopoly to tea trade and China trade was abolished and it was required to wind up its commercial business. But administration and political powers were continued and status quo was maintained.
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