Explain the permanent settlement

The company introduced the permanent settlement in 1793 and it was by Lord Cornwallis. It was also called zamidari bandobase in Bengal, Bihar, Orissa. The main features of the settlement were:-
☞Under this system, the Rajas and talaqdars were recognised as zamindars and were made the owner of the land and were supposed to pay a fixed amount of revenue.
☞The local zamindars were to collect revenue from the peasants and pay on time to company even if crops field due to flood, drought and famine, the land would be auctioned off.
☞The amount of rent to be paid was fixed permanently with no scope of revision.
☞The zamidars acted as the agents for the Government and the cultivators became the tenants.
☞On account of increasing or extincting of cultivation, the zamidars were allowed to take entire increased revenue.