How did the Charter Act of 1833 affect English East India Company's future in India?

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Solution

The Charter Act of 1833 or Saint Helena Act 1833 or The Government of India Act 1833, ended English East India Company as a commercial body.

It was to be a purely administrative body under the Act. Legalising the British colonisation of India, the Company was to retain its territories under its government but were held 'in trust for his majesty, his heirs and successors', for the service of Government of India.

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Q. The East India Company lost its monopoly of Indian trade under the Charter Act of 1833.

Consider the following statements:
1. The Charter Act 1853 abolished East India Companys monopoly of Indian trade.
2. Under the Government of India Act, 1858, the British Parliament abolished the East India company altogether and undertook the responsibility of ruling India directly.
Which of the above statement(s) is/are correct?

Q. Monopoly of the British East India company over Indian Trade was abolished by Charter Act of _________.

Q. The Regulating Act passed by the British Crown in _________ gave the English East India Company more power in India.

When did the East India Company acquire a Royal Charter granting it exclusive control over Eastern trade?

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