When Did East India Company Came to an End
The Seven Years` War (1756-1763) led to the defeat of French forces, limited French imperial ambitions and inhibited the influence of the Industrial Revolution in French territories. Robert Clive, the governor general, led the company to victory over Joseph François Dupleix, commander of the French forces in India, and recaptured Fort St. George from the French. The company took advantage of this break to capture Manila in 1762.  [best source needed] At the Battle of Pulo Aura, which was probably the company`s most notable naval victory, Nathaniel Dance, commodore of an Indian convoy and aboard the Warley, led several Indians into battle with a French squadron and drove them out. About six years earlier, on the 28th. In January 1797, five Indians, Woodford, under Captain Charles Lennox of Taunton Castle, Captain Edward Studd, of Canton, Captain Abel Vyvyan, Boddam, Captain George Palmer, and Captain Ocean, John Christian Lochner, met Admiral de Sercey and his squadron of frigates. On this occasion, the Indians managed to get to safety without even firing shots. Finally, on June 15, 1795, General Goddard played a major role in the capture of seven Dutch East Indies off St. Helena. Each of the three companies (and later five others that received contracts in 1859) was a joint-stock company based in England, whose financial capital was raised in pounds sterling. Each company was guaranteed a return on investment of 5% and a share of half of the profits.
Although the Indian government had no capital expenditure other than the free provision of the underlying land, it had a duty to continue to get the 5% return in the event of a net loss, and soon any expectation of profit would fall by the wayside as the expenditure increased. Unlike all other British government records, the records of the East India Company (and its successor, the India Office) are not kept at the National Archives in Kew, London, but are kept by the British Library in London as part of the Asia, Pacific and Africa collections. The catalogue can be consulted online in the archive access catalogues.  Many East India Company documents are freely available online under an agreement between the Families in British India Society and the British Library. There are published catalogues of logbooks and logbooks of the East India Company, 1600-1834;  and some of the company`s subsidiaries, including East India Company College, Haileybury and Addiscombe Military Seminary.  This victory marked a high point in the EIC`s relations with Great Britain. A small merchant society had managed to defeat the French the previous decade and now claimed a valuable region in Upper India. The ever-expanding territory that the society annexed and collected taxes was also managed by local nawabs. It was essentially a dual management. Between 1765 and 1772 Robert Clive transferred responsibility for tax collection, Diwani, to the Indian MP and judicial and police responsibilities to other Indian MPs. The company has concentrated its new revenue-raising power, leaving the responsibility to the Indian authorities. The East India Company took the first steps in the British takeover of India for centuries to come.
In 1772, the Society made Warren Hastings, who had been in India with the Company since 1750, its first governor general, administering and supervising all annexed lands. The system of dual administration has ended. In 1689, a Mughal fleet under the command of Sidi Yaqub attacked Bombay. After a year of resistance, the EIC capitulated in 1690 and the company sent emissaries to the Aurangzeb camp to ask for a pardon. The envoys of the society were to bow down to the emperor, pay high compensation, and promise better behavior for the future. The emperor withdrew his troops, and the company then re-established itself in Bombay and established a new base in Calcutta.  One of the first worrying signs for EIC directors that their long process of enrichment may be coming to an end was the return of Robert Clive (1725-1774) to England. As rumours circulated that the former governor of Bengal`s enormous wealth had been largely obtained through corruption, Parliament launched an inquiry into Clive`s affairs in 1773. In the end, Clive was honorably acquitted, but his advice to Parliament to take over the EIC was not heeded. However, there has been a restructuring of the company`s management. The Regulatory Act of 1773 brought about changes.