Question

What are the Provisions of the East India Company Act of 1793?
A. The Company's trade monopoly was continued for a further 20 years.
B. Salaries for the staff and paid members of the Board of Control were also now charged to the Company.
C. The Governor-General was granted extensive powers over the subordinate presidencies.
D. All the above

Answer 1

Hint: The East India Company Act 1793, also known as the Charter Act 1793, was the British Parliament Act renewing the charter issued to the British East India Company.

Step by step answer In contrast to the British India legislation proposed in the preceding two decades, the 1793 Act "passed with minimal trouble "The Act made only relatively minimal changes either to the system of government in India or to the British oversight of the company's activities. Most importantly, the commercial monopoly of the company has been maintained for another 20 years. Salaries for employees and paid members of the Control Board have now also been charged to the company. Other provisions of the Act include:
Senior officials were forbidden from leaving India without permission.
Royal approval was mandated for the appointment of the Governor-General, the governors, and the Commander-in-Chief.
This Act continued the company's rule over the British territories in India.
It continued the company's trade monopoly in India for another 20 years.
The Act established that “acquisition of sovereignty by the subjects of the Crown is on behalf of the Crown and not in its own right,” which clearly stated that the company's political functions were on behalf of the British government.
Dividends of the company were allowed to increase to 10%.
More powers have been given to the Governor-General. Under certain circumstances, he could override the decision of his council.
He was also given power over the governors of Madras and Bombay.
When the Governor-General was present in Madras or Bombay, he would have superseded the governors of Madras and Bombay.
In the absence of the Governor-General from Bengal, he could appoint a Vice-President from among the civilian members of his Council.
The salaries of the staff and the Board of Control have now also been charged to the company.
After all the expenses, the company had to pay 5 Lakh British Pounds annually to the British Government from Indian revenue.
Senior company officials were prohibited from leaving India without permission. If they did, it would be considered a resignation.
The company was granted the authority to grant licenses to individuals and employees of the company to carry on business in India. This was known as 'privilege' or '‘country trade’. This led to shipments of opium to China.

Thus, the answer is option D: All of the above.

Note: This Act separates the revenue administration and the judicial functions of the company leading to the disappearance of Maal Adalats (revenue courts)
The EIC was empowered to grant licenses to both individuals and employees of the Company to trade in India (known as the "privilege" or "country" trade), which paved the way for shipments of opium to China. The charter of the company was renewed by the Charter Act 1813.