» This was the last of the Charter Acts and it made important changes in the system of Indian legislation.
» This Act followed a report of the then Governor General Dalhousie for improving the administration of the company.
» A separate Governor for Bengal was to be appointed.
» Legislative and administrative functions of the Council were separately identified.
» Recruitment of the Company's employees was to be done through competitive exams.
» British Parliament was empowered to put Company's governance of India to an end at any suitable time.