How is the East India Company charter different from other charters?

The East India Company got its charter from Queen Elizabeth I in 1600. It was made to trade with Asia and stop the Dutch in the spice trade. Later, the Company became very powerful in India. But its charter was very different from other important charters in British history. Edmund Burke (1729-1797) explained this difference in his famous speech.

Charter for Monopoly: The East India Company used its charter to gain power and control. After winning the Battle of Plassey in 1757, it started to rule India. The Mughal emperor gave them trade rights. Later, they collected taxes and ruled many areas. But the Company’s rule was harsh. Burke said this charter gave too much power. He said, 

“The East India charter is a charter to establish monopoly, and to create power.”