Company Reforms by Cornwallis
Reforms in the Company
To “curb” the corruption in the company, Cornwallis was given sufficient powers and authorities. He put in place the rules and regulations for the servants of the company. As per the new rules
- Only qualified people would enter into the service of the company.
- No recommendation from England would be given weightage for appointments in the company’s service.
- The private trade of all the company servants was abolished.
- Company servants were now to sign a bond which included that they won’t accept any gifts from Indians and will not indulge in private trade.
- Top posts were only for Europeans, Indians were given posts which were lowest such as peons.
- The revenue collectors were deprived of the Judicial powers.