how did The Company Becomes the Diwan
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On 12 August 1765, the Mughal emperor appointed the East India Company as theDiwan of Bengal. ... This had to be done in a way that could yield enough revenue to meet the growing expenses of thecompany. A trading company had also to ensure that it could buy the products it needed and sell what it wanted.
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On 12 August 1765, the Mughal emperor appointed the East India Company as the Diwan of Bengal. The actual event most probably took place in Robert Clive's tent, with a few Englishmen and Indians as witnesses. As Diwan, the Company became the chief financial administrator of the territory under its control.
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