» The Governor General and his Council were given vast powers. This Council could legislate for the whole of India subject to the approval of the Board of Controllers.
» The Council got full powers regarding revenue, and a single budget for the country was prepared by the Governor General.
» The East India Company was reduced to an administrative and political entity and several Lords and Ministers were nominated as ex-officio members of the Board of Controllers.
» For the first time the Governor-General's Government was known as the 'Government of India' and his Council as the 'Indian Council'.