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. … Thus began the British Raj, direct imperial rule of India by the British state.
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.
When and how was the East India Company rule abolished?
EXPLANATION: The Indian Rebellion or the 1857 Mutiny was the reason for the abolition of the East India Company (EIC). In the wake of this gory rebellion, the British govt. successfully abolished the Company in the year 1858.
Which act that brought an end to the East India Company’s rule in India?
‘The Act for the Better Government of India brought to an end the East India Company rule in India. The British Parliament passed the Act on August 12, 1858.
How did the EIC take over India?
The Indian Rebellion was to be the end of the East India Company. In the wake of this bloody uprising, the British government effectively abolished the Company in 1858. All of its administrative and taxing powers, along with its possessions and armed forces, were taken over by the Crown.
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.
How did the East India Company take over India?
Company rule in India effectively began in 1757 after the Battle of Plassey and 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.