“the court of proprietors of the east india company had their meetings in the east india house on leadenhall street in london” what was the main agenda of this meeting?
Answers
Answer:
The Court of Directors met at East India House in Leadenhall Street in the City of London to take “cognisance of all matters of record relating to the Company”.
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Answer:
The main agenda of this meeting was that Parliament limited the shareholders' control over the Court of Directors through the regulating act (1773) and the Pitt's India Act, 1784 and transferred that power to a parliamentary body known as the board of control. The owners could no longer change or repeal the directors' policies; they could only discuss them. The Board of Control assisted the Court of Directors in becoming a representative agency under the Pitt's India Act. Now, no financial or political decision could be made without the Board of Control's explicit approval. Despite the latest reforms, the Court still has the right to "patronage."
Up until the Charter Act of 1853, when the privilege was abolished and a new method of hiring civilians through competitive examinations was adopted, the recruitment of the members of the covenanted civil service remained the sole prerogative of the Court of Directors.
Explanation:
A group of 24 directors known as the Court of Directors oversaw the management of the East India Company's operations in England. The company's shareholders elect this Court of Directors on a yearly basis. The Court of Proprietors was the name given to the group of these stockholders. Under the Regulating Act of 1773, the executive body of East India Company, the Court of Directors was introduced.
To "take cognizance of all matters of record belonging to the Company," the Court of Directors convened at East India House on Leadenhall Street in the City of London.
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