<P> The East India Company was a private company owned by stockholders and reporting to a board of directors in London . Originally formed as a monopoly on trade , it increasingly took on governmental powers with its own army and judiciary . It seldom turned a profit , as employees diverted funds into their own pockets . The British government had little control , and there was increasing anger at the corruption and irresponsibility of Company officials or `` nabobs '' who made vast fortunes in a few years . Pitt 's India Act of 1784 gave the British government effective control of the private company for the first time . The new policies were designed for an elite civil service career that minimized temptations for corruption . Increasingly Company officials lived in separate compounds according to British standards . The Company 's rule lasted until 1858 , when , after the Indian rebellion of 1857 , it was abolished . With the Government of India Act 1858 , the British government assumed the task of directly administering India in the new British Raj . </P>
<P> The East India Company was a private company owned by stockholders and reporting to a board of directors in London . Originally formed as a monopoly on trade , it increasingly took on governmental powers with its own army and judiciary . It seldom turned a profit , as employees diverted funds into their own pockets . The British government had little control , and there was increasing anger at the corruption and irresponsibility of Company officials or `` nabobs '' who made vast fortunes in a few years . Pitt 's India Act of 1784 gave the British government effective control of the private company for the first time . The new policies were designed for an elite civil service career that minimized temptations for corruption . Increasingly Company officials lived in separate compounds according to British standards . The Company 's rule lasted until 1858 , when , after the Indian rebellion of 1857 , it was abolished . With the Government of India Act 1858 , the British government assumed the task of directly administering India in the new British Raj . </P>
when did the rule of east india company end in the sub-continent
when did the rule of east india company end in the sub-continent
1858
1858