FreEd

Charter Act of 1600: The East India company charter was issued by Queen Elizabeth-I, initially for 15 years to the British for monopoly of trade in Indian Subcontinent. By 1667, company had got right to issue its own coin. Charter Act of 1669: The island and port of Bombay were ceded to the company on an annual rent of 10 sterling pounds. [ 1,772 more word ]

HISTORICAL BACKGROUND Charter Act of 1600: The East India company charter was issued by Queen Elizabeth-I, initially for 15 years to the British for monopoly of trade in Indian Subcontinent. By 1667, company had got rig…