71 Metamorphosis-

from Company to British Rule

एक दुखी परिवार - 71

Nine decades of British Rule

The company which had received a Royal Charter from Queen Elizabeth on 31 December 1600, making it the oldest among several similarly formed European East India Companies constituted by  wealthy merchants and aristocrats , with British Government owning or holding no shares , except only indirect control, had 

thus eventually came to rule large areas of India with its own private armies, exercising military power and assuming administrative functions.

 Company rule in India which effectively had begun  in 1757 after the Battle of Plassey , lasted until 1858 when, following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj.

That is how metamorphosis occurred , from hitherto Company rule, India came under the direct control of the British Government.

 The company was dissolved in 1874 as a result of the East India Stock Dividend Redemption Act passed one year earlier, as the Government of India Act had by then rendered it vestigial, powerless, and obsolete. The official government machinery of British India had assumed its governmental functions and absorbed its all assets.

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