CHARTER ACT OF 1661
What is the Charter Act of 1661?
Purpose of the Charter Act of 1661
Major outcomes of the Charter Act of 1661
- It introduced the joint stock principle in the company and voting power was given to the members for every €500 subscribed to the company stock
- It gave authority to the company to appoint Governor and Council for Governing the Fortresses
- It gave the power to erect Forts, despatch ammunition, coin money, administer justice, punish interlopers, go to war, or make a peace treaty with non-Christians for the defense of the factories
- It authorized the company to punish persons living in the company settlement including Indians
- It empowered the executive i.e, the Governor and the Council with judicial power
- It paved the way for applying English law in India
- It gave sovereign powers to the company over its settlement and Factories
- This Charter was the first step in establishing a judicial court in India
Power of the Governor and the Council
- Judge and execute persons working in the company or living in the settlements of the company in all civil and criminal matters
- If there was no Governor and the Council in the Factory or the settlement, then the punishment can be given by the Chief Factor and Council or the offenders can be sent to the place where there is Governor and the Council is Present.
Punishments under the Charter Act of 1661
Related Topics
FAQs
What is the History of The Charter Act of 1600?
The Charter Act of 1600 was a Royal order given by Queen Elizabeth I of England to a Trading company formed by a group of members called "Merchant Adventures". It granted monopoly Rights and special privileges to the company in Asia and Africa.
What were the Features of The Charter Act of 1600?
Special Previledges and monopoly trade rights,State Aid in Case any need arises,Protection from other Companies,Safeguard against Competition from the European Counterparts,maintain discipline among its members and servants.
What was the Charter Act of 1600 and 1661?
The Charter Act of 1600 provided certain law-making powers to the company but that power was not enough to control the interlopers or lawbreakers, there were no provisions in the Charter to punish persons who commit heinous offenses. But the Charter Act of 1661 significantly raised the company's ability to safeguard its settlements and it gave certain powers regarding war, punishment, fortification of settlement, etc., Thus conferred certain aspects of sovereignty over the settlements
What is Charter Act in Indian history?
The Charter Acts were royal orders given by the British Crown to Regulate the administration of the British East India Company in India. The Charters provide power to the Crown over the Company and its activities in India and make it responsible its Actions.
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