Explanation: The Charter Act of 1833:

• The lease of 20 years to the Company was further extended. Territories of India were to be governed in the name of the Crown.
• The Company’s monopoly over trade with China and in tea also ended.
• All restrictions on European immigration and the acquisition of property in India were lifted. Thus, the way was paved for the wholesale European colonisation of India.

Source: Spectrum Modern India