Write a short note on Prime Minister Pit's Policy.
Answers
The East India Company Act (EIC Act 1784), also known as Pitt's India Act, was an Act of the Parliament of Great Britain intended to address the shortcomings of the Regulating Act of 1773 by bringing the East India Company's rule in India under the control of the British Government. Named for British prime minister William Pitt the Younger, the act provided for the appointment of a Board of Control, and provided for a joint government of British India by the Company and the Crown with the government holding the ultimate authority. A six member board of controllers was set up for political activities and Court of directors for financial/commercial activities
Prime Minister Pitt's Policy.
Explanation:
The Pitt's India Act, 1784 also referred to as the East India Company Act, 1784 was passed by the British Parliament to correct the defects of the Regulation Act of 1773. This act resulted in the dual control of British possessions in India by the British Government and the Company, whose final authority rests with the Government. This act remained in effect until 1858. This subject is very important to the Civil Services Exam The Act is named after William Pitt the Younger, the British Prime Minister, when the Act was passed.
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