Consider the following statements about ‘the Charter Act of 1813’

Q. Consider the following statements about ‘the Charter Act of 1813’ :

1. It ended the trade monopoly of the East India Company in India except for trade in tea and trade with China.
2. It asserted the sovereignty of the British Crown over the Indian territories held by the Company.
3. The revenues of India were now controlled by the British Parliament.

Which of the statements given above are correct?

1. 1 and 2 only
2. 2 and 3 only
3. 1 and 3 only
4. 1, 2 and 3

Answer: 1 and 2 only

Charter Act of 1813

• The East India Company Act 1813, also known as the Charter Act 1813, was an Act of the Parliament of the United Kingdom which renewed the charter issued to the British East India Company and continued the Company's rule in India. However, the Company's commercial monopoly was ended, except for the tea and opium trade and the trade with China, this reflecting the growth of British power in India.
• The Act expressly asserted the Crown's sovereignty over British India, allotted 100,000 rupees, and permitted Christian missionaries to propagate English and preach their religion. The power of the provincial governments and courts in India over European British subjects was also strengthened by the Act, and financial provision was also made to encourage a revival in Indian literature and for the promotion of science.

The Company's charter had previously been renewed by the Charter Act 1793, and was next renewed by the Charter Act 1833.