- The Charter Act of 1853 abolished East India Company’s monopoly of India trade
- Under the Government of India Act 1858, the British Parliament abolished the East India Company altogether and undertook the responsibility of ruling India directly
Answer: II only
Notes: Parliament continued to control the East India Company by extending its charter for only twenty years at a time. Those granted in 1793, 1813, 1833 and 1853 successively stripped the Company's commercial rights and trading monopolies.
- The Charter Act of 1813 was an Act of the Parliament of the United Kingdom which renewed the charter issued to the British East India Company, and continued the Company's rule in India. However, the Company's commercial monopoly was ended, except for the tea trade and the trade with China.
- In August 1858, the British parliament passed an act that set an end to the rule of the company. The control of the British government in India was transferred to the British crown. As the British government was responsible to parliament, the supreme body for India also was the British parliament.
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