The features of this Act were as follows:

(a) It extended the overriding power given to Lord Cornwallis over his council, to all future Governor-Generals and Governors of Presidencies.

(b) It gave the Governor-General more powers and control over the governments of the subordinate Presidencies of Bombay and Madras.

Must read: Regulating Act of 1773 – the foundation of central administration in India

(c) The Charter Act of 1793 extended the trade monopoly of the Company in India for another period of twenty years.

(d) It provided that the Commander-in-Chief was not to be a member of the Governor-General’s council, unless he was so appointed.

Must read: Act of Settlement 1781 – the Amending Act of 1781

(e) It laid down that the members of the Board of Control and their staff were, henceforth, to be paid out of the Indian revenues.

(f) The Home Government members were to be paid out of Indian revenues, which continued up to 1919.

(g) The revenue administration was separated from the judiciary functions, and this led to disappearing of the Maal Adalats.

Must read: Pitt’s India Act of 1784

(h) The Company was empowered to give licences to individuals as well as the Company’s employees to trade in India. The licences, known as ‘privilege’ or ‘country trade’, paved the way for shipments of opium to China.

(i) Senior officials of the Company were debarred from leaving India without permission—doing so was treated as resignation.

Must read: Act of 1786

(j) The royal approval was mandated for the appointment of the governor general, the governors, and the commanderin- chief.

(k) The Company, after paying the necessary expenses, interest, dividends, salaries, etc., from the Indian revenues, was to pay 5 lakh pounds annually to the British government.

External link: https://en.wikipedia.org/wiki/Charter_Act_1793#:~:text=52)%2C%20also%20known%20as%20the,for%20all%20the%20Governor%2DGenerals.