The Charter Act of 1793

● The Act renewed the Company’s commercial privileges for next 20 years.

● The Company, after paying the necessary expenses, interest, dividends, salaries, etc., from the Indian revenues, was to pay 5 lakh pounds annually to the British government.

● The royal approval was mandated for the appointment of the governor-general, the governors, and the commander- in-chief.

● Senior officials of the Company were debarred from leaving India without permission—doing so was treated as resignation.

● The Company was empowered to give licences to individuals as well as the Company’s employees to trade in India. The licences, known as ‘privilege’ or ‘country trade’, paved the way for shipments of opium to China.

● The revenue administration was separated from the judiciary functions and this led to disappearing of the Maal Adalats.

● The Home Government members were to be paid out of Indian revenues which continued up to 1919.