1. Historical 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 – The Charter Act of 1853 (Notes)
Subject – Political Science
(Indian National Movement & Constitutional Development)
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.
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