THE EAST INDIA COMPANY

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continued from Page1:GOVERNANCE

All goods, merchandizes, bullion found on board any of the Company’s outward bound ships not licensed and marked or stamped with the company’s mark shall be forfeited.

Goods brought home in private trade not duly registered in India at the factory where such goods shall be taken on board and in case goods are taken on board where the Company does not have any factor; such goods to be registered in the Supra-cargoes book and in case no such books exist, then to be registered in the commander’s Book and witnessed by the next superior officer abroad.
All goods in private trade be immediately after landing brought up from the water-side and kept in a particular warehouse to be provided by the Court of Directors for that purpose.
The Books containing the general Accounts of the Company in England shall be balanced to the 30th Day of June every year.

All receipts and payments ordered by the Court of Directors shall be made in the course without any undue preferences. And every officer acting otherwise shall be dismissed.
Upon every Annual Election of Directors, at least seven months Public Notice shall be given thereof and that names of the Members who appear qualified to vote be ready to be delivered, the first at least five months and the second at least fourteen days before the Day of the Election.
Any person who is a member of the Company shall Trade within the limits ofthe Company’s Charter.
No orders shall be sent by the Directors to or obeyed by any of the agents or Factors of the Company in India or any other parts unless such orders are signed by thirteen or more Directors.
The Court of Directors shall not allow any person to export or import any money, goods, or merchandize in any ship belonging to or freighted by the Company other than that licensed by the said Court of Directors or empowered by the Court to grant such licenses.

The General Court to be held yearly in the month of June. A Committee of Seven shall be chosen, out of which four to form a quorum who shall be authorized and empowered to inspect the By Laws and to make enquiry into the observance and execution of the By Laws and consider what alterations and additions be made and report their opinion from time to time to the General Court.
At the Court of Directors every Annual Election, a chairman and deputy chairman to be chosen for the year by the ballot and each of them be allowed two hundred pounds a year and every other Director be allowed one hundred and fifty pounds a year.
Every Director has the liberty to inspect and take copies of Accounts, letters and papers relating to the Company’s Affairs as he shall think fit, except those before the select committee.