Question

Which act brought East India Company under the control of the British government?
(A) Regulating Act 1773
(B) East India Company Act 1784
(C) Charter Act 1853
(D) None of these

Answer 1

Hint: This Act was brought into function by Lord North. With the launching of this Act, a group of twenty-two members who were known as Court of Directors were introduced. The major purpose of introducing this act was to put control over the provinces of East India Company.

Complete answer: The East India Company was founded in December 1600. The primary operation of the company traded, basically for spice which gradually with the advent of time diversified into the trade of cotton, silk, indigo, saltpetre, tea, and opium. In the later stages, the slave trade was also practised by the company.
During the 18th century, India was highly rich in reserves and hence the profit of output was huge. Reasonable labour strengthened the fact of the number of reserves for the East India Company whose only intention was to govern Indian resources.
The Regulating Act of 1773, being an act of the parliament of Great Britain, brought control of the company in the hands of the British government.
The Act was introduced by Sir Frederick North and Lord North back in May 1773. The act extended to Great Britain, Bengal Presidency, Madras presidency and the Bombay presidency.
Looking at the other options, the East India company act 1784, commenced in August 1784 also known as the Pitt’s act and the Charter Act 1853, which was followed by the Charter Act 1818 had their respective significance in the field of British rule over the Indian territories.

Hence, Option (B) is the correct answer.

Note: Conclusively, The Regulating Act of 1773 gave the power to the British Government to control and regulate the East India Company. After this act, the Supreme Court was created in Calcutta in the year 1774. The Court of Directors was the new head of all the political affairs of East India Company.