When and how was the East India Company’s rule abolished?
Answers
Answer:
Due to Mahatma Gandhi East india company's rule abolished.
ANSWER:
The East India Company's rule lasted until 1858, when it was abolished after the Indian Rebellion of 1857. With the Govt. of "India Act 1858", the British govt. undertook the "task of directly" managing India in the "new British rule".
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. All of its taxing and administrative powers, together with its armed forces and possessions, were controlled by the British Crown. The British Parliament enacted the Govt. of India Act on 2nd Aug 1858 shifting power from the EIC to the Crown.
The image of the EIC was so appallingly tarnished owing to the 1857 events by which EIC they lost the rights to rule India forever. Apart from the 1857 uprising, another reason was the EIC lost its power was see thing anger in Britain against the mismanagement of the EIC that disappointed the British Govt. considerably. The British Govt. was seeking ways by which they could take away India from the reigns of the so called trading company, and the opportunity was got in the form of the 1857 uprising that enabled authorities in England to take proper actions against the EIC. After the EIC's rule in India ended, the British Govt. established a new rule system in India.