The Company was to continue possession of territories unless the Parliament provided otherwise.
The strength of the Court of Directors was reduced to 18.
The Company’s patronage over the services was dissolved—the services were now thrown open to a competitive examination.
The separation of the executive and legislative functions of the Government of British India progressed with the inclusion of six additional members for legislative Purposes.
Local representation was introduced in the Indian legislature.
The legislative wing came to be known as the Indian Legislative Council.
The Charter Act of 1853