How Britishes fooled Indians. The Company was dissolved in 1874 as a result of the East India Stock Dividend Redemption Act passed one year earlier, as the Government of India Act had by then rendered it vestigial, powerless and obsolete. Its functions had been fully absorbed into the official government machinery of British India and its private Presidency armies had been nationalised by the British Crown..
India History - The British East India Company was an English and later (from 1707) British joint-stock company and megacorporation formed for pursuing trade with the East Indies but which ended up trading mainly with the Indian subcontinent.
The East India Company was a(from 1707) British joint-stock company formed to pursue trade with the East Indies but that ended up trading mainly with the Indian subcontinent, Qing Dynasty China, North-West Frontier Province and Balochistan. The company rose to account for half of the world's trade, particularly trade in basic commodities that included cotton, silk, indigo dye, salt, saltpetre, tea and opium. The company also ruled the beginnings of the British Empire in India.