8 DR. BABASAHEB AMBEDKAR : WRITINGS AND SPEECHES
(3) To frame, alter, or repeal such of the by-laws as hinder the good government of the East India Company, provided they do not conflict with the Acts of Parliament.
(4) To control in general any increase in a salary or pension above £ 200 a year, or over any gratuity beyond £600.
(5) To confer pecuniary reward for good service.
II. The Court of Directors
It consisted of twenty-four members. The Directors were elected by such of the Proprietors as were qualified for a vote. The qualification of a candidate for the Court of Directors were :
(1) He must be a natural, or naturalized subject of Great Britain.
(2) He must possess £ 2,000 stock (no matter for what previous period).
(3) He must not be a director of the Bank of England or the South Sea Company.
(4) He must be a resident of England for two years after holding office in the Court.
(5) He must not have held any maritime office in the Service of the Company for two years previous to his proposed election.
(6) He must not have under any plea or pretence whatsoever, endeavored to obtain, directly or indirectly, a vote for the election of himself or any other person to be a Director.
(7) He must take an oath
(a) not to carry on any private trade.
(b) not to have any dealing with the company except as a private individual.
(c) not to hold any place or office of emolument under the Crown.
In order to fulfill the various duties, the work was assigned to several Committees into which the Court was sub-divided. They were:
Secret Committee 8. buying committee
Correspondence Committee 9. Warehouses Committee
Treasury Committee 10. India House Committee
Govt. Troops and Stores Committee 11. Shipping Committee
Legal Proceedings Committee 12. Private Trade Committee
Military Proceedings Committee 13. Civil College
Accounts Committee 14. Military College