1. Hisorical Background
2. Objective
3. Key Provisions
3.1. Legislative Powers
3.2. Salary of the Members
3.3. Reduce in Number of Directors and their Power
3.4. Powers Regarding Law Commission
3.5. Power with Respect to Presidency
3.6. Open Competition System
4. Significance
5. Criticism
6. Conclusion
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Topic – Charter Act of 1853 (Notes)
Subject – History
(Modern Indian History)
Table of Contents
Charter Act 1853 was passed in the British Parliament to renew the East India Company’s charter. Unlike the previous charter acts of 1793, 1813 and 1833 which renewed the charter for 20 years; this act did not mention the time period for which the company charter was being renewed.The Charter Act of 1853 renewed the powers of the Company and allowed it to retain territories and revenues of Indian territories in the trust of the Crown for an unspecified period. It ended the patronage system and established an open competition system for civil servant recruitment.The Charter Act of 1853 has its major significance as it marks the beginning of the Parliamentary system in India.
Hisorical Background
- Undue expenditure and unnecessary delay in dispatch business due to the presence of the Court of Directors and Board of control.
- Territorial and political changes in India after the Act of 1833 as the British East India Company had already annexed Sind and Punjab and a number of other Indian states.
- There were also concerns raised about the role of the Governor-General of India as Governor of Bengal as it lead to certain decisions in favor of Bengal
- There was also a demand for decentralization of powers and for giving the Indians a share in the management of their own affairs.
- It was under the above circumstances that the British parliament decided to renew the East India Company’s charter in the year 1853.
- Company in the preceding year appointed two Committees to look into the affairs of the Company. On the basis of their reports, the Charter Act of 1853 was framed and passed.
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