The Permanent Settlement — also known as the Permanent Settlement of Bengal ( Chirosthayi Bandobasto(চিরস্থায়ী বন্দোবস্ত)) — was an agreement between the East India Company and Bengali landlords to fix revenues to be raised from land, with far-reaching consequences for both agricultural methods and productivity in the entire Empire and the political realities of the Indian countryside. It was concluded in 1793, by the Company administration headed by Charles, Earl Cornwallis. It formed one part of a larger body of legislation enacted known as the Cornwallis Code.