Charter Act of 1813 - Informative & researched article on Charter Act of 1813
 Indianetzone: Largest Free Encyclopedia of India with thousand of articlesHistory of India


in  
 Art & Culture|Entertainment|Health|Reference|Sports|Society|Travel
Forum  | Free E-magazine  | RSS Feeds  
History of India|Indian Temples|Indian Museums|Indian Literature|Geography of India|Flora & Fauna|Indian Purans|Indian Philosophy|Indian Administration|Indian Languages|Education
Home > Reference > History of India > British Indian Acts > Indian Charter Acts > Charter Act of 1813
Charter Act of 1813
Charter Act of 1813 renewed the East India Company’s charter thereby terminating its monopoly except in regards to tea and trade with China. This opened India both to private investment and Christian missionaries.
 
 Charter Act of 1813 reduced the monopoly of the East India Company`s in all major sections. The Charter Acts of the British East India Company were decided to be renewed by 1813. There were several discussions about the justification of the commercial privileges enjoined with the company. Company`s territories expanded so much that it was impossible to continue as a political and commercial functionary. Moreover with the introduction of the new concepts of laissez faire, Europeans demanded a share in the trades with India. The continental system introduced by Napoleon had closed the European ports to the British trade. Hence, the English demanded to strengthen the trades in India. Due to these problems in the inland trades, the Englishmen demanded the termination of the commercial monopoly of the British East India Company. Hence the contemporary circumstances made it necessary for the renewals of the Charters Act of 1793.

While offering the company`s right to the territorial possession and revenues of India, the Act proclaimed the sovereignty of the crown over them. The Indian administration was asked to maintain separate accounts for its commercial and political activities.

The Charter Act of 1813 was as follows:

1. The monopoly of trade of the Company was abolished except in Tea and its trade with China.
2. Church was placed under a Bishop which was maintained from Indian revenue. Englishmen were granted permission to settle and hold land in India; to the missionaries for introducing useful knowledge and propagating religious and moral improvement and to traders for their lawful purposes, under a system of licenses.
3. The crown had complete power over territorial and revenue.
4. For the improvement of education one lakh grant was allotted.

The Charter Act of 1813 had defined in clear terms the power of superintendence and direction of the Board of Control. Moreover, the power of the board of control was enlarged by this Act of 1813. The significant part of the Charter Act of 1813 was the clause of providing for the sum of one lakh rupees annually for the development of literature and education in India. It had also been declared that the educated natives were to be encouraged for the introduction and promotion of the knowledge of sciences among the inhabitants of the British territories in India.

(Last Updated on : 23/07/2011)
More Articles in Indian Charter Acts  (4)
Recently Updated Articles in History of India
Educational Institutions in Ancient South India
Did you know that Education prevails in India right from the Vedic time when people learned the Upanishads.
Socio-Religious Reform Movements in India
Socio Religious Reform Movements took place in Bengal, Maharashtra, Uttar Pradesh and Punjab in British India. This movement had a great impact in shaping the contemporary society.
Yavana Invasion
Yavana invasion was probably the reason for the downfall of the Imperial Mauryan Empire in 187 B.C.
Trade under Mauryan Empire
Trade under Mauryan Administration was the first of its kind in South Asia. Internal trade expanded in India significantly due to political unity and internal peace at that time.
Role of King in Mauryan Administration
Role of king in Mauryan Administration reveals that the king maintained the social order by restraining the wrong-doers and ensuring the peace in the kingdom.
E-mail this Article | Post a Comment
Forum
Forum on History of India
Free E-magazine
Subscribe to Free E-Magazine on Reference
 
 
Charter Act of 1813 - Informative & researched article on Charter Act of 1813
Sitemap
Contact Us   |   RSS Feeds
Copyright © 2008 Jupiter Infomedia Ltd. All rights reserved including the right to reproduce the contents in whole or in part in any form or medium without the express written permission of
Jupiter Infomedia Ltd.