The Pitt’s India Act gave the British government a large measure of control over the Company’s affairs. In fact, the Company became a subordinate department of the State.
The Company’s territories in India were termed ‘British possessions’.
Features of the Act
Clear division between the commercial and political functions of the Company.
Establishment of the Double Government
Court of Directors: to manage the commercial affairs of the company.
Board of Control: To manage the political affairs of the company. They were empowered to control, supervise and direct all operations of the civil and military government. Through them, the British government got the supreme control over the company’s affairs.