Answer in detail:

Give an account of the Charter Act 1813.

The Charter Act of 1813 was passed by the British Parliament to renew the charter of British East Indian Company and continue its rule in India. The earlier charter act of 1793 had given East India Company a monopoly to trade with the East for 20 years but the rise of Napoleon Bonaparte had forbidden the import of British goods into European countries dependent on France. The British traders then demanded the dissolution of the monopoly of the East India Company in India to boost the growth of British commerce and industry, which was opposed by the East India Company. To resolve this conflict, the charter act was passed.