Charter Acts of 1793 & 1813

The Charter Acts of 1793 and 1813 renewed the Company's Charter each time for a further period of 20 years. The 1813 Act, however, deprived the company of the monopoly of trade in India. While the powers of the three Councils of Madras, Bombay and Calcutta were enlarged, they were also subjected to greater control of the British Parliament. All regulations made by the three Councils were thereafter required to be laid before Parliament.