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March 15, 2024 861 0
East India Company (Formed in 1600) began their journey as a purely trading body and gradually acquired political power by interfering in Local affairs. Battle of Plassey (1757) and Battle of Buxar (1764) changed the fate of East India Company (EIC) which, after the regulating act 1773, acquired power in Bengal initially and later on spread its influence on the whole India.
Regulation of the East India Company: The first step taken by the British Government was to control and regulate the affairs of the East India Company in India.
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The Amending Act Of 1781 came into effect on July 5, 1781, primarily as a response to the shortcomings observed in the Regulating Act of 1773.
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