The company’s commercial monopoly was broken in 1813, and from 1834 it was merely a managing agency for the British government of India. It lost that role after the Indian Mutiny (1857). In 1873 it ceased to exist as a legal entity. Read more about the Indian Mutiny that hastened the end of the East India Company.
When did the rule of East India Company came to an end?
End of Company rule
The Company lost all its administrative powers following the Government of India Act of 1858 , and its Indian possessions and armed forces were taken over by the Crown.
When did the company rule came to an end?
The rule lasted until 1858 , when, after the Indian rebellion of 1857 and consequent of the Government of India Act 1858, the British government assumed the task of directly administering India in the new British Raj.
When did East India Company arrived in India?
The British East India Company came to India as traders in spices, a very important commodity in Europe back then as it was used to preserve meat. Apart from that, they primarily traded in silk, cotton, indigo dye, tea and opium. They landed in the Indian subcontinent on August 24, 1608 , at the port of Surat.
Why was EIC abolished?
The Indian Rebellion of 1857 , which eventually led to the dissolution of the EIC, had diverse political, economic, military, religious and social causes.
How did the EIC take over India?
It acquired control of Bengal on the Indian subcontinent in 1757, and, as the company was an agent of British imperialism, its shareholders were able to influence British policy there . This eventually led to government intervention.
Who gave permission to East India?
Queen Elizabeth I of England grants a formal charter to the London merchants trading to the East Indies, hoping to break the Dutch monopoly of the spice trade in what is now Indonesia.
Who was the first Viceroy of India?
Government of India Act 1858 passed which changed the name of post-Governor General of India by Viceroy of India. The Viceroy was appointed directly by the British government. The first Viceroy of India was Lord Canning .
Who introduced the doctrine of lapse?
Doctrine of lapse, in Indian history, formula devised by Lord Dalhousie , governor-general of India (1848–56), to deal with questions of succession to Hindu Indian states.
What was happening in England in 1858?
3 August – explorer John Hanning Speke discovers Lake Victoria, source of the River Nile. ... August – reforming educator Dorothea Beale takes up her duties as Principal of Cheltenham Ladies’ College. 1 September. Local Government Act 1858 comes into force; General Board of Health abolished .
Who ruled India before British?
The Mughals ruled over a population in India that was two-thirds Hindu, and the earlier spiritual teachings of the Vedic tradition remained influential in Indian values and philosophy. The early Mughal empire was a tolerant place. Unlike the preceding civilisations, the Mughals controlled a vast area of India.
Who first came to India?
Vasco da Gama reaches India. Portuguese explorer Vasco de Gama becomes the first European to reach India via the Atlantic Ocean when he arrives at Calicut on the Malabar Coast. Da Gama sailed from Lisbon, Portugal, in July 1497, rounded the Cape of Good Hope, and anchored at Malindi on the east coast of Africa.
When did England take over India?
British raj, period of direct British rule over the Indian subcontinent from 1858 until the independence of India and Pakistan in 1947.
Who ruled India in 1600?
The Mughal (or Mogul) Empire ruled most of India and Pakistan in the 16th and 17th centuries. It consolidated Islam in South Asia, and spread Muslim (and particularly Persian) arts and culture as well as the faith. The Mughals were Muslims who ruled a country with a large Hindu majority.
What was known as Regulating Act of 1773?
The Regulating Act of 1773 (formally, the East India Company Act 1772 ) was an Act of the Parliament of Great Britain intended to overhaul the management of the East India Company’s rule in India. ... It marked the first step towards parliamentary control over the company and centralised administration in India.
