End of Monopoly of East India Company

Charter act of 1813 ended the monopoly of the East India Company in
India, however the companys monopoly in trade with china and
trade in tea with India was kept intact. Thus, trade with India for all
commodities except Tea was thrown open to all British subjects. This
lasted till 1833 when the next charter abolished the trade of the
company.
 Permission to Christian Missionaries
The act also granted permission to the persons who wished to go to
India for promoting moral and religious improvements.
 This act regulated the companys territorial revenues and commercial
profits. It was asked to keep its territorial and commercial accounts
separate.
There was also a provision that Company should invest Rs. 1 Lakh
every year on the education of Indians.
This act also empowered the local governments to impose taxes on
the persons subject to the jurisdiction of the Supreme Court.
 Charter Act 1813 for the first time explicitly defined the constitutional
position of the British territories in India. The Act also empowered the
Local Governments in India to impose taxes on persons and to punish
those who did not pay them.