The East India Company`s monopoly of trade with China came to an end with the Charter Act of 1833. This act was passed by the British Parliament and it aimed to reform the governance of British India. Under this act, the trading privileges of the East India Company were significantly curtailed and its monopoly on trade with China was abolished. The act also introduced several other reforms, including the appointment of a Governor-General for the whole of British India, the establishment of a legislative council in Calcutta, and the expansion of education in India. It marked an important turning point in the British rule in India, as it laid the foundation for the subsequent full control of the British government over the administration of India.