The Charter Act 1793 or the East India Company Act 1793 was passed by British Parliament to renew the charter of East India Company. This act authorized the company to carry on trade with India for next 20 years. • The Governor General was empowered to disregard the majority in the Council inspecial circumstances • The company was allowed to increase its dividend to 10%. • This act reorganized the courts and redefined their jurisdictions. The revenueadministration was divorced from the judiciary functions and this led to disappearing of the Maal Adalats. • The Permanent Settlement (or the zamindari system enacted in 1793), which established a revenue collection scheme which lasted until the 20th century.