- It was the act of the British Parliament which renewed the charter issued to the British East India Company(EIC) and continued the Company’s rule in India.
- Company’s trade monopoly was continued for further 20 years.
- The governor general was given extensive powers over the subordinate presidencies.
- Salaries for the staff and paid members of the Board of Control were also now charged to the company.
- The East India Company was empowered to grant license to both individuals and company employees to trade in India.
- This act recognized the courts and redefined their jurisdictions. The revenue administration was separated from the judiciary functions.
- Governor-General was empowered to disregard the majority in the council in special circumstances. Commander in chief was not now the member d="M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/>
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of Governor General council, unless he was specially appointed to be a member by the court of directors.